Concerns relating to capital adequacy, an uptick in bad debts, etc are overdone. ANZ is currently trading on a P/E of less than 10 and gross yield of more than 10%. With regard to future dividends, ANZ actually has the lowest payout ratio of the big four banks and therefore should easily be able to maintain it (if they so wish).
Even if the dividend actually was cut to $1.55 per share, that would still equate to a gross yield of 9.5% at the current price.
Disclosure: I just bought some.
ANZ pays 10% in Dividends, page-39
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Last
$29.60 |
Change
0.260(0.89%) |
Mkt cap ! $89.07B | |||
| Open | High | Low | Value | Volume |
| $29.49 | $29.73 | $29.30 | $111.6M | 3.774M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1146 | $29.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.61 | 30857 | 4 |
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| ANZ (ASX) Chart |