You are here

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

39220841 - 27_07_2016 - AUSTRALIA-BANKS_APPLE.jpg
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.

BLOOMBERG

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes