ANZBY – Stock Split

Australia & New Zealand Banking Group Ltd (ANZBY) split its ADR stock in the ratio of 5:1 effective July 24, 2008.

Currently ANZBY trades on the OTC market for about $14.05 a share. At these levels it has an attractive dividend yield of 8.35%. The PE ratio is 8.14 and there are nearly 2 billion shares outstanding. The stock used to trade on the NYSE for many years. After moving to the OTC markets, it has become difficult to get updated correct information on the stock.But this does not mean the stock is bad. Just that OTC stocks can be challenging to research.

ANZBY competes with other major Aussie banks like Westpac (WBK) and National Australia Bank (NABZY).


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