ANZ Group Holdings Ltd (ASX: ANZ) shares have outperformed their 'big four' peers in 2025.
The value of ANZ stock has risen faster than the other major ASX 200 bank shares by a long shot.
ANZ Group Holdings Ltd (ASX: ANZ) shares are up 23% in the year-to-date (YTD) and reached a new record of $38.93 last month.
Westpac Banking Corp (ASX: WBC) shares have ascended 17% and reached a record $41 apiece in November.
The National Australia Bank Ltd (ASX: NAB) share price has risen 10% in 2025 and reached an all-time high of $45.25 last month.
Commonwealth Bank of Australia (ASX: CBA) shares have risen by just 0.2% in 2025 after reaching a record $192 in June.
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What about dividends?
ANZ shares paid a full-year FY25 dividend of 166 cents per share (cps).
The consensus estimate among analysts on CommSec is for ANZ to pay a full-year FY26 dividend of 168 cents per share.
This equates to a forward dividend yield of about 4.77%.
That's not the sort of yield we are used to with the bank stocks, however, it is higher than the average ASX 200 dividend these days.
So, when will you find out how much ANZ will pay in dividends for sure?
The bank has released its corporate calendar for 2026.
Here are the dividend dates to diarise.
ANZ dividend dates in 2026
ANZ will release its 1H FY26 results and announce its interim dividend on 7 May.
The ex-dividend date for the interim ANZ dividend will be 18 May.
The record date will be 19 May.
If you'd like ANZ to use your dividends to buy more shares on your behalf, you can enrol in the dividend reinvestment plan (DRP).
New DRP elections must be lodged by 20 May.
ANZ will pay the dividend on 1 July. (Nice way to start the new financial year!)
The ASX 200 bank will announce its FY26 full-year results and final dividend on 9 November.
The ex-dividend date for the final ANZ dividend will be 12 November.
The record date will be 13 November.
New DRP elections must be lodged by 16 November.
The annual general meeting will take place on 17 December.
ANZ shares will pay the dividend on 18 December.
Expert ratings on ANZ shares
Macquarie has a neutral rating on ANZ shares with a 12-month price target of $35.
Morgans has a trim rating with a price target of $33.09.
The broker recapped ANZ's 2H FY25 report released in November:
Earnings were materially below market expectations, albeit consensus may not have fully adjusted for the significant items.
However, 12 month target price lifts 29 cps to $33.09/sh due to CET1 capital outperformance in 2H25.
We recommend clients TRIM into share price strength, with the share price and implied valuation multiples trading at or around all-time highs.
