MARKETS SPECTATOR: ANZ sweet spot

ANZ's rejigged dividend strategy has caught the attention of investors sending its shares through the roof.

Investors reacted with glee after ANZ indicated today its dividend payout ratio maybe as much as 70 per cent of cash earnings for the “medium term”. The stock jumped $1.32, or 4.4 per cent, to $31.42 at 1312 AEST.

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