Bank dividend yields

Yesterday we looked at the PE ratios of CBA, WBC, NAB and ANZ and noted that ANZ is lagging behind the other three.  Whether it is a sign of good value or trouble ahead for ANZ is the question.

So what about their dividend yields.

1. ANZ 6.3%
2. NAB 6.2%
3. WBC 5.8%
4. CBA 5.4%

ANZ is certainly struggling for sentiment in the market with the lowest PE ratio and the highest dividend yield.

Ex-dividend dates are approaching for ANZ, NAB and WBC.  The traditional run-up of share price leading up to the ex-dividend date seems rather lack lustre this year.  One wonders whether yields of ANZ and NAB could soon be approaching 7%.

CBA still appears to be in a class of its own.  Its return on equity is still well ahead of NAB, WBC and ANZ.