ANZ Group Holdings dividend yields and market valuation analyzed

ANZ Group Holdings Ltd remains a focal point for investors due to its dividend yields and market valuation. Based on recent performance, the bank paid 166 cents per share over the last twelve months, consisting of both interim and final dividends. For investors seeking $8,000 in annual passive income, the required capital varies significantly depending on tax considerations; without franking credits, an investment of approximately $182,800 (4,820 shares) is needed, whereas including franking credits reduces the required investment to roughly $138,300 (3,650 shares).

Financial stability for the bank appears steady, with a cash profit of $3.78 billion reported for the half-year ending March 31, a 14% increase over the previous period. Recent quarterly updates also showed a cash profit of $1.90 billion.

From a valuation perspective, ANZ’s price-earnings (PE) ratio is approximately 17.2x based on FY24 earnings per share of $2.15. This places the bank slightly below the banking sector average PE ratio of 18x, providing a benchmark for comparing its value against peers like National Australia Bank Ltd.