It is only the final ANZ dividend that is higher than the final WBC dividend i.e. 95c versus 94c. The interim dividend is lower, 86c versus 93c. So total ANZ dividend ($1.81) is less than total WBC dividend ($1.87). However ANZ had a higher EPS than WBC ($2.71 for ANZ versus $2.56 for WBC). There is an argument that ANZ is riskier than WBC because it has a bigger share of business banking and its Asian strategy.
Tomorrow WBC will go ex-div which will give a better view of the difference in share price.
Regardless, all things considered, a $2-$3 difference in share price is probably the most I can justify.
It is only the final ANZ dividend that is higher than the final...
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$31.59 |
Change
-0.230(0.72%) |
Mkt cap ! $94.08B | |||
| Open | High | Low | Value | Volume |
| $31.81 | $31.85 | $31.46 | $174.0M | 5.641M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $31.55 |
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| Price($) | Vol. | No. |
|---|---|---|
| $31.60 | 12719 | 5 |
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