ANZ, NAB, PDL: These 3 ASX financial firms to pay dividend in July 2022

4 min read | June 20, 2022 05:19 PM AEST | By Bhawna Gupta

Highlights

  • A dividend is a small payment made to shareholders in exchange for their investment in a company's stock.
  • A company usually pays dividend out of its net profits.
  • ASX-listed financial companies like ANZ, NAB and Pendal Group are set to pay dividend in July.

If you want to receive regular income in an unpredictable market, dividend stocks are the way to go. A dividend is a small payment made to shareholders in exchange for investing in a company's stock. It is usually paid out of the company's net profits.

Though the majority of profits are preserved as retained earnings — money to be utilised for the company's continuing and future business activities — the remainder might be distributed to shareholders in the form of dividend. Even if a company does not earn enough money to pay dividends, it may pay them to investors. They may do so to retain their track record of paying dividends on time.

In this article we will discuss three ASX financial companies that will pay a dividend in the first week of July 2022. These companies include Australia and New Zealand Banking Group Limited, National Australia Bank Limited and Pendal Group Limited.

Also Read: CLW, PAC: Two ASX income shares with over 5% dividend yields

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Data Source- ASX

Australia and New Zealand Banking Group Limited

Australia and New Zealand Banking Group Limited (ASX:ANZ) offers banking and financial products and services.

In May, the bank announced its results for the first half of the fiscal year 2022. During the six months ending 31 March 2022, the bank's cash profit from continuing operations increased by 4% year-on-year to AU$3.1 billion.

In addition, ANZ reported a 20% increase in statutory profit to AU$3.5 billion. The group net interest margin fell to 1.58% in September 2021, down from 1.65% in September 2021. During the period, the net interest margin (NIM) declined seven basis points to 1.58%, while the CET1 ratio fell 81 basis points to 11.53%.

On 27 May 2022, ANZ announced to pay a 100% franked dividend of AU$0.72 per share. According to the ASX filing, the payment date of this dividend is 1 July 2022. The record date of the dividend was 10 May 2022.

On Monday (20 June 2022), shares of ANZ closed at AU$21.39 each on ASX.

National Australia Bank Limited

National Australia Bank (ASX:NAB) is a financial services corporation based in Australia. Business and Private Banking, Personal Banking, Corporate and Institutional Banking, New Zealand Banking and Corporate Functions are the company's segments.

NAB, one of Australia's "Big 4" banks, reported a 4.6% growth in revenue to AU$9.07 billion in its six-month financial results ended 31 March 2022, with cash earnings up 4.1% to AU$3.4 billion.

In an ASX statement, NAB reported a statutory net profit of AU$3.6 billion. Despite AU$5 billion in share buybacks announced over the past year, the bank claimed it remained adequately capitalised.

On 5 May 2022, the bank said that it would pay a fully franked dividend of AU$0.73 per share on 5 July 2022.  NAB futher announced on 17 June 2022 that it would pay an additional dividend of AU$1.045 each share on 19 September 2022. The ex-date of this dividend is 6 September 2022, and the record date is 7 September 2022.

Shares of NAB last exchanged hands at AU$26.06 per share, up 0.54% on ASX today.

Source: © Iqoncept | Megapixl.com

Pendal Group Limited

Pendal Group Limited (ASX:PDL) is an independent investment management firm established in Australia. The company is committed to providing active management to its clients to maximise investment results. Pendal Australia, Pendal EUKA, and Pendal US are the company's three segments.

Pendal Group posted strong profitability for the year ended 31 March 2022. The asset management firm's revenue increased by 31% to AU$362.6 million, owing to the acquisition of US-based investment manager Thompson, Siegel & Walmsley (TSW) and rising global equity markets.

On 10 May, Pendal Group announced that it would pay a franked (10%) dividend of AU$0.21 per share on 1 July 2022. The record date of this dividend was 20 May 2022, and the ex-date was 19 May 2022.

Pendal Group’s shares last traded at AU$4.18 each, down 0.48% on ASX today.

Also Read: Four ASX-listed ETFs with dividend yields of nearly 5% or more


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