If I invest $10,000 in ANZ shares how much passive income will I receive

Will this banking giant provide investors with a good source of income?

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Male hands holding Australian dollar banknotes, symbolising dividends.

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ANZ Group Holdings Ltd (ASX: ANZ) shares are traditionally a very popular option for passive income investors.

And it isn't hard to see why.

Each year, the banking giant shares a sizeable portion of its profits with its shareholders.

This usually means that its shares offer a dividend yield that is well ahead of average on any given year.

But will this remain the case in the future? Let's find out what sort of passive income a $10,000 investment could generate from ANZ shares.

Passive income from ANZ shares

Firstly, let's see how many shares you can buy with a $10,000 investment.

With the ANZ share price ending the week at $27.26, investors will end up owning 367 units if they put this amount into the bank's shares.

Moving onto income, according to a note out of Goldman Sachs, its analysts are expecting the ANZ dividend to come in at a fully franked $1.62 per share in FY 2024.

This means that you would end up with income of $594.54 for the year.

And if you keep holding on the bank's shares into 2025, you can expect another juicy pay check to come your way.

Goldman is expecting another fully franked $1.62 per share dividend in FY 2025. This will mean another $594.54 passive income boost for the year.

And then for a third year in a row, the broker expects ANZ to pay out $1.62 per share in dividends in FY 2026.

All in all, if Goldman is accurate with its forecasts, this will mean income of almost $1,800 for investors across the next three years from a $10,000 investment.

The broker currently has a buy rating and $27.85 price target on ANZ's shares.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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