ANZ purchase of Suncorp
how much will suncorp shareholders get
Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
how much will suncorp shareholders get
Hi Bill,
We were asked this a few weeks ago, not a great deal to add:
The sale of Suncorp’s banking arm to ANZ Group for $4.9bn was finalised back in July. However, the proceeds wont be delivered to shareholders until 2025.
Expectations are for a payout during Q3 FY25, worth around $3.5bn ($2.75 per share) plus a special dividend of $300m (24c per share).
NB Together with next 12m ordinary dividends, this represents 22% of SUN’s current market cap.
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