It is a good time to be a shareholder of ASX 200 bank stocks.
Not only have the big four banks been roaring higher recently, but some are about to reward their shareholders with their latest dividend payments.
Let's now look and see what is being paid and when.
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Westpac Banking Corp (ASX: WBC)
Let's start with Australia's oldest bank, Westpac. It has already paid its shareholders its interim dividend for FY 2024. That was paid out a couple of days ago on 25 June.
Westpac shareholders received a fully franked interim dividend of 90 cents per share, which was an increase of 25% on the prior corresponding period.
The ASX 200 bank stock will declare (or not) its next dividend in November with its full year results. After which, it is usually paid out in December.
ANZ Group Holdings Ltd (ASX: ANZ)
ANZ Bank is scheduled to pay its partially franked interim dividend next week on Monday 1 July.
When the big four bank released its half year results last month, it declared a 65% franked 83 cents per share dividend. Its next dividend is expected to be declared in November and then paid out to shareholders in December.
Macquarie Group Ltd (ASX: MQG)
This investment bank will also be paying a dividend next week. The ASX 200 bank stock is scheduled to pay its final dividend for FY 2024 on Tuesday 2 July.
When Macquarie released its full year results last month, it declared a 40% franked final dividend of $3.85 per share. This was down 14.5% on the prior corresponding period.
The bank is expected to release its half year results for FY 2025 and announce its interim dividend in November. Based on past dividends, that is likely to then be paid to eligible shareholders in mid to late December.
National Australia Bank Ltd (ASX: NAB)
This big four bank is scheduled to pay its latest interim dividend the following day on Wednesday 3 July.
Last month, the ASX 200 bank stock released its results and declared an 84 cents per share fully franked dividend.
As with the others, NAB's final dividend is traditionally declared in November and then paid out in December.
Commonwealth Bank of Australia (ASX: CBA)
Australia's largest bank operates with a financial year that ends 30 June. As a result, it won't be paying out a dividend next week.
Traditionally, the bank will release its results and declare its dividends in both August and February, with dividend payments then made in March and September, respectively.
