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ANZ $30.28

Yield

  1. Michaelirish

    19,560 Posts.
    42
    Australia and New Zealand Banking Group
    With inflation falling to just 1.7% in the December quarter, Australia and New Zealand Banking Group’s (ASX: ANZ) forecast dividend growth rate has become much more appealing. That’s because, over the next two years, it is expected to increase dividends by 5.5% per annum, which is over three times the current rate of inflation.
    And, with ANZ already offering a fat, fully franked yield of 5.2%, it seems to offer a potent mix of a great income now and real-term increases in dividends moving forward. As such, its current valuation could rise during the course of the year, especially since its price to earnings (P/E) ratio, for example, is below that of the wider banking sector at 13.2 versus 15 for the wider sector. As a result, ANZ could make for a top notch income investment.

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