An ASX dividend giant I'd buy over ANZ shares for 2024
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ANZ Group Holdings Ltd (ASX: ANZ) is facing challenges in the banking world, with competition for deposits and borrowers impacting its net interest margin (NIM). Some analysts predict that ANZ may cut its dividend in FY24. In contrast, fund manager GQG Partners Inc (ASX: GQG) has seen rapid growth in its funds under management (FUM) and has committed to a dividend payout ratio of 90% of its distributable earnings. GQG is expected to grow its annual dividend per share to 19.5 cents in 2024. ANZ's profit may not return to FY23 levels until FY26, while GQG could be paying a dividend yield of 9.7% by FY26. GQG has a strong investment team and is experiencing strong FUM inflows.

#AsxDividendShares #Anz #GqgPartnersInc #DividendYield #NetInterestMargin #FundsUnderManagement #ProfitGrowth

https://www.fool.com.au/2024/04/29/an-asx-dividend-giant-id-buy-over-anz-shares-for-2024/