If it's market beating passive income you're after, then you may be wondering which of the dividend paying S&P/ASX 200 Index (ASX: XJO) bank stocks offer the highest dividend yields.
We'll answer that question below, as well as looking at how their share prices have performed over the past year.
When you're on the hunt for higher yielding ASX dividend shares, it's important to have a look at those share price trends as well.
With that said…
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Tapping the Aussie banks for passive income
Over the last 12 months, Commonwealth Bank of Australia (ASX: CBA) has declared a total of $5.05 a share in fully franked dividends.
At the recent CBA share price of $156.30, that sees CommBank shares trading on a fully franked dividend yield of 3.2%. The CBA share price is down around 10% since this time last year.
Over the last 12 months, National Australia Bank Ltd (ASX: NAB) has paid out two fully franked dividends totalling $1.70 a share.
At the recent NAB share price of $38.41, the ASX 200 bank stock trades on a fully franked dividend yield of 4.4%. The NAB share price is down around 11% in a year.
Over the last 12 months, ANZ Group Holdings Ltd (ASX: ANZ) has paid out $1.66 a share in partly franked dividends.
At the recent share price of $36.65 ANZ shares trade on a partly franked dividend yield of 4.5%. Bucking the trend, ANZ shares are up 8.8% in a year.
Over the last 12 months, Westpac Banking Corp (ASX: WBC) has paid out $1.54 a share in fully franked dividends.
At the recent Westpac share price of $33.91, Westpac trades on a fully franked 4.5% dividend yield. Westpac shares are down 12.9% in 12 months.
These are the top two yielding ASX 200 bank stocks
Over the past 12 months, Bendigo and Adelaide Bank Ltd (ASX: BEN) has declared 63 cents a share in fully franked dividends. At the recent Bendigo Bank share price of $10.61, this ASX 200 bank stock trades on a fully franked dividend yield of 5.9%.
Bendigo Bank shares are down around 21% in a year.
Over the past 12 months, Bank of Queensland Ltd (ASX: BOQ) paid out a total of 55 cents a share in fully franked dividends. That includes the special capital return dividend the bank paid out on 24 August.
At the recent share price of $6.42, this sees Bank of Queensland shares trading on a fully franked dividend yield of 8.6%. Even excluding the special dividend, the stock still trades on a fully franked 6.2% yield, making this the highest yielding ASX 200 bank stock.
Bank of Queensland shares are down around 11% in 12 months.
