ASX bank shares are known and loved by Australian investors for their generous dividend payments.
But will they pay as much this year, given Australia's sluggish economy and stagnant interest rates?
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Will ASX bank shares deliver big dividends in 2025?
In this article, we reveal the forecast 2025 dividend yields of the ASX bank shares, as published on the CommSec trading platform.
Analysts expect some of the banks to increase the amount of their dividends this year.
Despite this, the forecast dividend yields may disappoint you.
This is because the ASX bank stocks had a phenomenal run of share price growth last year.
A higher share price will typically lead to a lower dividend yield unless a company ups its earnings.
In an article on S&P Global Market Intelligence, Andrew Dale, portfolio manager and partner at ECP Asset Management, says the banks may face earnings pressure this year.
Dale said:
If inflation continues to be an issue over the first half, the banks will continue to have earnings pressure because their costs of operating will continue to rise.
And you'll see further downward pressure on earnings.
And if you then start to see a rate cut, you get pressure on the net interest margin.
The following chart shows the dividend amounts paid by the ASX bank shares last year and the forecast amounts for this year.
We've also calculated the 2025 dividend yield based on share prices in late trade yesterday.
| ASX bank share | 2024 dividend | Forecast 2025 dividend | Yield |
| Commonwealth Bank of Australia (ASX: CBA) | $4.65 | $4.95 | 3.19% |
| National Australia Bank Ltd (ASX: NAB) | $1.69 | $1.72 | 4.49% |
| Westpac Banking Corp (ASX: WBC) | $1.66 | $1.55 | 4.77% |
| Macquarie Group Ltd (ASX: MQG) | $6.40 | $6.50 | 2.8% |
| ANZ Group Holdings Ltd (ASX: ANZ) | $1.66 | $1.70 | 5.67% |
| Bendigo and Adelaide Bank Ltd (ASX: BEN) | 63 cents | 65 cents | 4.87% |
| Bank of Queensland Ltd (ASX: BOQ) | 34 cents | 35 cents | 5.21% |
As you can see, ANZ shares are expected to pay the highest dividend yield in 2025.
Some banks will pay more, others will pay less
As the chart shows, the analysts on the CommSec platform expect CBA shares to pay a higher dividend amount in 2025. They expect a 30 cent increase to $4.95 per share.
This equates to a 6.45% forecast increase, which is the largest among the ASX bank shares.
The analysts predict significant increases in dividend amounts from the two smallest ASX bank shares, too.
The forecast dividend amount is 3.17% higher for Bendigo and Adelaide Bank and 2.94% higher for Bank of Queensland.
It is 2.4% higher for ANZ shares, 1.78% higher for NAB shares, and 1.56% higher for Macquarie shares.
