What’s up with ANZ (ASX:ANZ) shares after FY22 earnings update?

2 min read | October 28, 2022 11:44 AM AEDT | By Ritwika

Google News:

What’s up with ANZ (ASX:ANZ) shares after FY22 earnings update? — Image source: © Nilsversemann | Megapixl.com

Recent News

Caught in the Tug-of-War: Investing in Oil and Gas During the Energy T...

LNG Market Developments Across ASX 100 Energy Companies

Quality Mid-Cap Framework Across ASX 100 Market Leaders

Exploring ASX 200 Mid-Cap Companies and Market Trends

Make Kalkine Media
My Trusted Source

Highlights:

Australia and New Zealand Banking Group (ANZ) released its FY22 results on Thursday (27 October 2022).

ANZ declared a proposed final dividend worth 74 Australian cents to its eligible shareholders.

Shares of Australia and New Zealand Banking Group Limited (ASX:ANZ) was spotted buzzing in the green territory on Friday morning after the company released its full year FY22 results yesterday (27 October 2022) reporting a 12% gain in its statutory income from operating activities.

The bank was trading 0.040% higher at AU$25.00 per share on the ASX at 11:03 AM AEST today (28 October 2022).

Further details of ANZ’s FY22 results

In its full-year FY22 results, Australia and New Zealand Banking Group reported delivering a 12% higher statutory operating income of AU$19,426 million from its continuing operations. In addition, the bank’s statutory profit attributable to shareholders was up by 16% in the given period, to AU$7,119 million.

ANZ’s cash profit gained by 5% to AU$6,496 million and cash profit from continuing operations gained by 5% to AU$6,515 in FY22.

ANZ’s dividend distribution plan

The board of Australia and New Zealand Banking Group has proposed to pay a fully franked final dividend worth 74 Australian cents to its eligible shareholders based on its earnings in FY22.

In addition to that, the bank also declared a fully franked interim dividend of 72 Australian cents per share for its eligible shareholders.

The record date for the proposed final dividend is 8 November 2022, and the payment is expected to be made on 15 December 2022.

FY22 results of ANZ New Zealand

Other than this, ANZ also came out with the full-year FY22 results for its New Zealand unit today. The update revealed that ANZ New Zealand made a cash net profit after tax worth AU$2,064 million in FY22, up by 8% from the previous corresponding period.

Antonia Watson, Chief Executive, ANZ Bank New Zealand, said:

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.