ANZ Group Holdings (ASX:ANZ) Has Announced That Its Dividend Will Be Reduced To A$0.581
ANZ Group Holdings Limited (ASX:ANZ) is reducing its dividend to A$0.581 on the 1st of Julywhich is 30% less than last year's comparable payment of A$0.83. This means that the annual payment will be 5.7% of the current stock price, which is in line with the average for the industry.
We've discovered 1 warning sign about ANZ Group Holdings. View them for free.
While it is always good to see a solid dividend yield, we should also consider whether the payment is feasible.
ANZ Group Holdings has a long history of paying out dividends, with its current track record at a minimum of 10 years. Based on ANZ Group Holdings' last earnings report, the payout ratio is at a decent 73%, meaning that the company is able to pay out its dividend with a bit of room to spare.
Over the next 3 years, EPS is forecast to expand by 3.4%. Analysts forecast the future payout ratio could be 73% over the same time horizon, which is a number we think the company can maintain.
Check out our latest analysis for ANZ Group Holdings
Although the company has a long dividend history, it has been cut at least once in the last 10 years. Since 2015, the annual payment back then was A$1.78, compared to the most recent full-year payment of A$1.66. Payments have been decreasing at a very slow pace in this time period. Declining dividends isn't generally what we look for as they can indicate that the company is running into some challenges.
Growing earnings per share could be a mitigating factor when considering the past fluctuations in the dividend. We are encouraged to see that ANZ Group Holdings has grown earnings per share at 6.6% per year over the past five years. EPS has been growing at a reasonable rate, although with most of the profits being paid out to shareholders, growth prospects could be more limited in the future.
Even though the dividend was cut this year, we think ANZ Group Holdings has the ability to make consistent payments in the future. The payout ratio looks good, but unfortunately the company's dividend track record isn't stellar. Taking all of this into consideration, the dividend looks viable moving forward, but investors should be mindful that the company has pushed the boundaries of sustainability in the past and may do so again.
Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. Still, investors need to consider a host of other factors, apart from dividend payments, when analysing a company. For instance, we've picked out 1 warning sign for ANZ Group Holdings that investors should take into consideration. Is ANZ Group Holdings not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNN
an hour ago
- CNN
Trump administration reviewing Biden-era submarine pact with Australia, UK
US President Donald Trump's administration has launched a formal review of former President Joe Biden's AUKUS defense pact with Australia and Britain to allow Australia to acquire nuclear-powered submarines, a US defense official said. Australia, which sees the submarines as critical to its own defense as tensions grow over China's expansive military buildup, said it remained committed to the project and looked forward to working closely with the US on the review. As well as causing alarm in Australia, the review could also throw a wrench in Britain's defense planning. AUKUS, worth hundreds of billions of dollars, is at the center of a planned expansion of Britain's submarine fleet. 'We are reviewing AUKUS as part of ensuring that this initiative of the previous administration is aligned with the President's America First agenda,' the US official said of the review, first reported by Financial Times. 'Any changes to the administration's approach for AUKUS will be communicated through official channels, when appropriate.' AUKUS was formed in 2021 to address worries about China's growing power. It envisages Australia acquiring up to five US Virginia-class submarines from 2032. Then, Britain and Australia would design and build a new class of submarine, with US assistance. The UK would take first delivery in the late 2030s, with delivery to Australia in the early 2040s. Before that, the US and Britain would start forward rotations of their submarines in 2027 out of an Australian naval base in Western Australia. Vocal skeptics among Trump's senior policy officials include Elbridge Colby, the Pentagon's top policy adviser, who cautioned last year that submarines were a scarce, critical commodity, and US industry could not produce enough to meet American demand. Submarines would be central to US military strategy in any confrontation with China centered in the First Island Chain, running from Japan through Taiwan, the Philippines and on to Borneo, enclosing China's coastal seas. 'My concern is why are we giving away this crown jewel asset when we most need it,' Colby said last year. Only six countries operate nuclear-powered submarines: the US, the UK, Russia, China, France and India. A spokesperson for Australia Defense Minister Richard Marles said the US had informed Australia and the UK of the review. 'AUKUS will grow both US and Australian defense industry as well as generating thousands of new manufacturing jobs,' the spokesperson said. A British government spokesperson called AUKUS 'one of the most strategically important partnerships in decades' that also produces 'jobs and economic growth in communities across all three nations.' 'It is understandable that a new administration would want to review its approach to such a major partnership, just as the UK did last year,' the official said, adding that Britain will 'continue to work closely with the US and Australia … to maximize the benefits and opportunities' of AUKUS. The White House did not immediately respond to a request for comment, but one official told Reuters the Trump administration 'is regularly reviewing foreign agreements to ensure they align with the American people's interests – especially those initiated under the failed Biden foreign policy agenda.' US Senator Tim Kaine, a Democrat on the Senate Armed Services Committee, said AUKUS was 'critical to ensuring a free and open Indo-Pacific' and the administration should work to strengthen it and the US submarine industrial base. 'Anything less would play directly into China's hand,' said Kaine, who represents Virginia, where US submarines are built. AUKUS is Australia's biggest-ever defense project, with Canberra committing to spend A$368 billion ($240 billion) over three decades to the program, which includes billions of dollars of investment in the U.S. production base. On Tuesday, Britain announced plans to invest billions of pounds to upgrade its submarine industry, including at BAE Systems in Barrow and Rolls-Royce Submarines in Derby, to boost submarine production as announced in Britain's Strategic Defence Review. Under this, it will build up to 12 next-generation attack submarines of the model intended to be jointly developed by the UK, US and Australia under AUKUS. In the US Congress on Tuesday, Defense Secretary Pete Hegseth said 'we're having honest conversations with our allies' and added in reference to Australia: 'We want to make sure those capabilities are part of how they use them with their submarines, but also how they integrate with us as allies.' Former Australian Prime Minister Malcolm Turnbull, who signed a previous agreement to acquire French submarines shelved in favor of AUKUS, told CNBC last week it was 'more likely than not that Australia will not end up with any submarines at all, but instead, simply provide a large base in Western Australia for the American Navy and maintenance facilities there.' AUKUS expert John Lee at Washington's conservative Hudson Institute think tank said the Pentagon review was aimed at determining whether it could afford to sell up to five submarines when it was not meeting its own production targets. Kathryn Paik, a Biden White House official now at Washington's Center for Strategic and International Studies, said providing submarines to Australia would not sacrifice US readiness but instead boost collective deterrence. 'This review most definitely makes our allies in Canberra and London concerned, and could cause them to doubt US reliability as an ally and partner,' she said.
CNN
an hour ago
- CNN
Trump administration reviewing Biden-era submarine pact with Australia, UK
US President Donald Trump's administration has launched a formal review of former President Joe Biden's AUKUS defense pact with Australia and Britain to allow Australia to acquire nuclear-powered submarines, a US defense official said. Australia, which sees the submarines as critical to its own defense as tensions grow over China's expansive military buildup, said it remained committed to the project and looked forward to working closely with the US on the review. As well as causing alarm in Australia, the review could also throw a wrench in Britain's defense planning. AUKUS, worth hundreds of billions of dollars, is at the center of a planned expansion of Britain's submarine fleet. 'We are reviewing AUKUS as part of ensuring that this initiative of the previous administration is aligned with the President's America First agenda,' the US official said of the review, first reported by Financial Times. 'Any changes to the administration's approach for AUKUS will be communicated through official channels, when appropriate.' AUKUS was formed in 2021 to address worries about China's growing power. It envisages Australia acquiring up to five US Virginia-class submarines from 2032. Then, Britain and Australia would design and build a new class of submarine, with US assistance. The UK would take first delivery in the late 2030s, with delivery to Australia in the early 2040s. Before that, the US and Britain would start forward rotations of their submarines in 2027 out of an Australian naval base in Western Australia. Vocal skeptics among Trump's senior policy officials include Elbridge Colby, the Pentagon's top policy adviser, who cautioned last year that submarines were a scarce, critical commodity, and US industry could not produce enough to meet American demand. Submarines would be central to US military strategy in any confrontation with China centered in the First Island Chain, running from Japan through Taiwan, the Philippines and on to Borneo, enclosing China's coastal seas. 'My concern is why are we giving away this crown jewel asset when we most need it,' Colby said last year. Only six countries operate nuclear-powered submarines: the US, the UK, Russia, China, France and India. A spokesperson for Australia Defense Minister Richard Marles said the US had informed Australia and the UK of the review. 'AUKUS will grow both US and Australian defense industry as well as generating thousands of new manufacturing jobs,' the spokesperson said. A British government spokesperson called AUKUS 'one of the most strategically important partnerships in decades' that also produces 'jobs and economic growth in communities across all three nations.' 'It is understandable that a new administration would want to review its approach to such a major partnership, just as the UK did last year,' the official said, adding that Britain will 'continue to work closely with the US and Australia … to maximize the benefits and opportunities' of AUKUS. The White House did not immediately respond to a request for comment, but one official told Reuters the Trump administration 'is regularly reviewing foreign agreements to ensure they align with the American people's interests – especially those initiated under the failed Biden foreign policy agenda.' US Senator Tim Kaine, a Democrat on the Senate Armed Services Committee, said AUKUS was 'critical to ensuring a free and open Indo-Pacific' and the administration should work to strengthen it and the US submarine industrial base. 'Anything less would play directly into China's hand,' said Kaine, who represents Virginia, where US submarines are built. AUKUS is Australia's biggest-ever defense project, with Canberra committing to spend A$368 billion ($240 billion) over three decades to the program, which includes billions of dollars of investment in the U.S. production base. On Tuesday, Britain announced plans to invest billions of pounds to upgrade its submarine industry, including at BAE Systems in Barrow and Rolls-Royce Submarines in Derby, to boost submarine production as announced in Britain's Strategic Defence Review. Under this, it will build up to 12 next-generation attack submarines of the model intended to be jointly developed by the UK, US and Australia under AUKUS. In the US Congress on Tuesday, Defense Secretary Pete Hegseth said 'we're having honest conversations with our allies' and added in reference to Australia: 'We want to make sure those capabilities are part of how they use them with their submarines, but also how they integrate with us as allies.' Former Australian Prime Minister Malcolm Turnbull, who signed a previous agreement to acquire French submarines shelved in favor of AUKUS, told CNBC last week it was 'more likely than not that Australia will not end up with any submarines at all, but instead, simply provide a large base in Western Australia for the American Navy and maintenance facilities there.' AUKUS expert John Lee at Washington's conservative Hudson Institute think tank said the Pentagon review was aimed at determining whether it could afford to sell up to five submarines when it was not meeting its own production targets. Kathryn Paik, a Biden White House official now at Washington's Center for Strategic and International Studies, said providing submarines to Australia would not sacrifice US readiness but instead boost collective deterrence. 'This review most definitely makes our allies in Canberra and London concerned, and could cause them to doubt US reliability as an ally and partner,' she said.
Yahoo
an hour ago
- Yahoo
Acronis Appoints Terry Christie as General Manager for ANZ to Lead Regional Operations and Boost Platform Adoption
New leadership underscore Acronis' commitment to scaling AI-powered cyber protection and strengthening partner engagement in Australia and New Zealand SYDNEY, June 12, 2025 (GLOBE NEWSWIRE) -- Acronis, a global leader in cybersecurity and data protection, today announced a key leadership appointment in the Australia and New Zealand (ANZ) region, naming Terry Christie as General Manager for ANZ. This appointment highlights Acronis' ongoing investment in the region and its focus on growth through local expertise and strong partner more than 25 years of experience in IT and cybersecurity, Christie will lead the ANZ team in accelerating business growth, deepening relationships with partners and customers, and expanding Acronis' presence in the region. As General Manager, he will be responsible for shaping regional strategy, scaling operations, and driving collaboration across Australia and New Zealand—particularly in helping service providers deliver modern cyber protection through integrated security and remote monitoring and management (RMM) capabilities. Christie has previously held senior roles at Nitro, Aruba (HPE), Commvault, IBM, Lenovo, Samsung Electronics, and Ingram Micro. 'What excites me most about joining Acronis is the opportunity to be part of a company that's at the forefront of cybersecurity and data protection,' said Terry Christie, General Manager for ANZ. 'The market is evolving rapidly, and Acronis' unified platform — combining backup, disaster recovery, endpoint protection, and cybersecurity — is uniquely positioned to meet the needs of modern businesses. I'm passionate about helping our partners and customers understand the power of this integrated approach and the value it brings to securing digital environments.' Joining Christie on the ANZ team, Pete Bouris has been named Strategic Partner Account Manager. Bouris brings extensive experience in partner development and cybersecurity sales. In this role, he will focus on partner recruitment and enablement efforts across Australia. Bouris most recently served as Head of SMB Sales ANZ at Veeam and has held roles at Arcserve and StorageCraft. His experience working with MSPs and MSSPs positions him well to support Acronis' channel-first go-to-market strategy in the region. 'Acronis is expanding in Australia and New Zealand, thanks to growing potential and strong partnerships in these countries,' said Pasha Ershow, Senior Vice President for APJ & Middle East. 'These appointments reflect our commitment to invest into a strong local team that delivers innovative, AI-powered cyber protection for our partners. With Terry and Pete onboard, we'll continue to accelerate our business growth, which is already growing more than 40% year on year, delivering AI-powered security, data protection, and RMM platform, helping more than 600 partners to address evolving cybersecurity challenges with confidence.' Acronis uniquely combines cybersecurity, data protection, and endpoint management into one integrated solution. With built-in RMM, advanced threat detection, and AI-driven automation, Acronis empowers service providers to deliver seamless protection and extended detection and response (XDR) while maximising efficiency and minimising complexity. As MSPs and businesses across ANZ navigate increasingly sophisticated cyber threats, these capabilities are critical. For more information about Acronis, please visit: About AcronisAcronis is a global cyber protection company that provides natively integrated cybersecurity, data protection, and endpoint management for managed service providers (MSPs), small and medium businesses (SMBs), and enterprise IT departments. Acronis solutions are highly efficient and designed to identify, prevent, detect, respond, remediate, and recover from modern cyberthreats with minimal downtime, ensuring data integrity and business continuity. Acronis offers the most comprehensive security solution on the market for MSPs with its unique ability to meet the needs of diverse and distributed IT environments. A Swiss company founded in Singapore in 2003, Acronis has 15 offices worldwide and employees in 50+ countries. Acronis Cyber Protect is available in 26 languages in 150 countries and is used by over 21,000 service providers to protect over 750,000 businesses. Learn more at Acronis Media Contact:Seok Cheng ChiaCorporate Communications Senior in to access your portfolio
