Commonwealth Bank of Australia (ASX: CBA) shares are a popular choice among passive income investors.
The banking giant is the second-largest company on the S&P/ASX 200 Index (ASX: XJO), with a market capitalisation of $253 billion, at the time of writing.
CBA's latest financial update shows the bank has continued to perform well this year, despite ongoing volatility.
As part of its FY26 results announcement in mid-August, the bank confirmed a 7% increase in cash NPAT and an 8% increase in statutory NPAT for the 12 months to 30th of June. Its operating income also climbed 6.2% over the period.
The bank also said it is the first time it has reported growth at or above system in each of its five core domestic product categories. Those categories are home lending, business lending, consumer finance, household deposits, and business deposits.
The bank's huge scale and strong operational growth mean it has been able to generate a reliable profit and regularly return a large portion of those earnings to its shareholders by way of dividends.
But what exactly could a passive income from CBA shares look like?
Here's a breakdown.
What's the latest on CBA shares?
At the time of writing, CBA shares are trading for $151.24 each. That's around 6% lower for the year to date and down 11% from 12 months ago.
That means an $8,000 investment would currently buy you around 52 shares.
What dividend is the bank forecast to pay to shareholders in FY27 and FY28?
CBA has paid its shareholders a regular fully-franked dividend since 1992. These are typically paid out every six months, in March and September.
The bank most recently paid a $2.70-per-share fully-franked final dividend in late September. That brought the FY26 dividend total to $5.05 per share.
Going forward, the bank is forecast to pay its shareholders an estimated $5.45 per share dividend in FY27. It is then forecast to pay a slightly lower $5.30 per share dividend in FY28.
Using the CBA share price at the time of writing, this translates to a forward dividend yield of roughly 3.6% for FY27. For FY28, the forward dividend yield is closer to 3.5%.
So, what passive income can I earn off an $8,000 investment into CBA shares in FY27 and FY28?
I've run the numbers using the estimated dividend payout figures above to work out roughly how much passive income investors can expect from an $8,000 investment in FY27 and FY28.
If the banking giant pays the forecasted $5.45 per-share dividend in FY27, 52 shares would generate around $283.40 in passive income for the year.
Assuming CBA then pays the expected $5.30 dividend in FY28, those same 52 shares would generate around $275.60 in passive income.
The post If I invest $8,000 in CBA shares, what passive income could I earn in FY27 and FY28? appeared first on The Motley Fool Australia.
Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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