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ANZ, NAB sit atop of dwindling Australian bank dividends: Chart

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Dividends are one reason why banks are the worst-performing stocks in Australia this year.

[SYDNEY] Dividends are one reason why banks are the worst-performing stocks in Australia this year.

Payouts to shareholders are taking a hit amid lower loan margins and more regulatory scrutiny on mortgages and capital requirements. Australia & New Zealand Banking Group cut its dividend in May, and analysts project National Australia Bank will lower its payments as well.

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