Last week, banks in the US announced they would be paying extra dividends this year and it is expected that Australian banks will follow suit. Banks stockpiled cash in 2020 preparing for loan losses and a recessionary environment, however, now this extra cash could be returned to shareholders in larger dividend payouts in 2021. 

Given this, in tonight’s Australian Stock Market Show, Janine and Dale will take a look at the 5 best dividend stocks on the Australian market and confirm if Commonwealth Bank (ASX: CBA), Australia and New Zealand Banking Group (ASX: ANZ) and the other big banks are on the list.