Aussie dividend highest in history on bumper profit

The Reserve Bank of Australia will hand over almost A$6 billion ($5.24 billion) in dividend to the Australia government this year after seeing profits more than quintuple in the 12 months to June.

It is the highest-ever dividend paid by the wholly government-owned Reserve Bank, which is due to celebrate its 50th anniversary in January.

Profits surged from A$1.4 billion in the 2007 financial year to A$8.8 billion in 2008.

Glenn Stevens, the governor of the Reserve Bank, said on Thursday that a si

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