Does ANZ's Dividend Consistency Reinforce Its Long-Term Appeal for Investors (ASX:ANZ)?

• ANZ Group Holdings has delivered strong long-term returns for shareholders, with total shareholder return outpacing the broader market over the past five years as of late July 2025.
• Despite moderate earnings per share growth, robust dividends have played a key role in driving overall returns and supporting investor confidence.
• With these consistent returns drawing renewed attention, we'll assess how ANZ's long-term dividend strength influences its current investment outlook.

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ANZ Group Holdings Investment Narrative Recap

To be an ANZ Group Holdings shareholder, you need to believe in its ability to convert scale, digital investments, and a disciplined dividend approach into steady long-term value, despite a competitive banking sector and regulatory scrutiny. The recent news of ANZ’s five-year 138% total shareholder return and share price outpacing the broader market does not materially shift the key short-term catalyst, the realisation of cost and scale benefits from the Suncorp Bank acquisition, or its greatest current risk, which is rising compliance costs driven by regulatory expectations. Of the recent announcements, the extension of ANZ’s share buyback plan until May 2026 stands out as highly relevant. This move reinforces ANZ’s commitment to shareholder returns and capital management at a time when cost and revenue synergies from the Suncorp acquisition remain a focal point for investors watching margin pressures and digital execution. However, investors should keep in mind that if regulatory compliance costs surge unexpectedly, it could change the story...

Read the full narrative on ANZ Group Holdings (it's free!)

ANZ Group Holdings is projected to reach A$24.1 billion in revenue and A$7.0 billion in earnings by 2028. This outlook assumes a 4.6% annual revenue growth rate and a modest A$0.2 billion increase in earnings from the current A$6.8 billion.

Uncover how ANZ Group Holdings' forecasts yield a A$28.56 fair value, a 7% downside to its current price.

Exploring Other Perspectives

Six fair value estimates from the Simply Wall St Community span from A$25.40 to A$34.61 per share, highlighting a wide range of investor outlooks. While many anticipate ongoing synergies from the Suncorp Bank acquisition, this diversity reminds you to explore all angles when assessing ANZ’s future.

Explore 6 other fair value estimates on ANZ Group Holdings - why the stock might be worth 18% less than the current price!

Build Your Own ANZ Group Holdings Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your ANZ Group Holdings research is our analysis highlighting 1 key reward and 1 important warning sign that could impact your investment decision.
• Our free ANZ Group Holdings research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate ANZ Group Holdings' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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