ANZ FY Cash Profit Rises 11%; Ups Dividend

(RTTNews) - Australia And New Zealand Banking Group Ltd. (ANZ, ANZBY.PK, ANZ.AX)or ANZ reported that its full year Cash Profit rose 11 percent to A$6.498 billion from A$5.830 billion in the prior year. Cash earnings per share were 238.5 cents, up 9 percent from 218.5 cents last year.

Statutory profit attributable to shareholders grew 11 percent to A$6.272 billion from A$5.661 billion in the previous year. Earnings per share were 224.4 cents, compared to 205.6 cents last year.

Net interest income increased to A$12.758 billion from A$12.110 billion in the previous year.

The board believes that a full year dividend payout ratio of between 65% and 70% of Cash Profit is sustainable in the medium term, with a bias towards the upper end of the range in the near term. The final dividend of 91 cents per share takes the total dividend for the year to 164 cents per share, an increase of 13%.