Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, the Americas, Asia, Europe, and internationally. It offers everyday banking, savings, term deposit, business transaction, foreign currency, and specialized accounts; home, personal, and business loans; credit cards; international and travel services; share trading services; investment; and home, car, travel, life, and business insurance products. The company also provides merchant and payment, corporate and institutional, transaction banking, financial market, corporate and structured finance, trade and supply chain financing, and industry specific banking and treasury services, as well as online banking services. It serves individuals; micro, small, and medium enterprises; commercial business and private wealth clients; and commercial, corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is based in Sydney, Australia.
Westpac Banking Dividend Announcement
• Westpac Banking announced a semi annually dividend of $0.47 per ordinary share which will be made payable on 2024-12-19. Ex dividend date: 2024-11-07
• Westpac Banking annual dividend for 2024 was $1.07
• Westpac Banking annual dividend for 2023 was $0.88
• Westpac Banking's trailing twelve-month (TTM) dividend yield is 5.22%
• Westpac Banking's payout ratio for the trailing twelve months (TTM) is 59.78%
• Westpac Banking's dividend growth over the last five years (2018-2023) was -9.71% year
• Westpac Banking's dividend growth over the last ten years (2013-2023) was 16.40% year
Westpac Banking Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-07 | $0.47 | semi annually | 2024-12-19 |
2024-05-09 | $0.60 | semi annually | 2024-06-25 |
2023-11-09 | $0.42 | semi annually | 2023-12-19 |
2023-05-11 | $0.45 | semi annually | 2023-06-27 |
2022-11-17 | $0.41 | semi annually | 2022-12-20 |
2022-05-19 | $0.43 | semi annually | 2022-06-24 |
2021-11-05 | $0.45 | semi annually | 2021-12-21 |
2021-05-13 | $0.45 | semi annually | 2021-06-25 |
2020-11-10 | $0.23 | semi annually | 2020-12-18 |
2019-11-12 | $0.53 | semi annually | 2019-12-20 |
2019-05-16 | $0.65 | semi annually | 2019-06-24 |
2018-11-13 | $0.70 | semi annually | 2018-12-20 |
2018-05-17 | $0.76 | semi annually | 2018-07-04 |
2017-11-13 | $0.78 | semi annually | 2017-12-22 |
2017-05-18 | $0.74 | semi annually | 2017-07-04 |
2016-11-14 | $0.75 | semi annually | |
2016-05-12 | $0.72 | semi annually | |
2015-11-11 | $0.67 | semi annually | |
2015-05-13 | $0.85 | semi annually | |
2014-11-10 | $0.99 | semi annually | |
2014-05-14 | $1.13 | semi annually | |
2013-11-08 | $0.09 | semi annually | |
2013-05-13 | $0.10 | semi annually |
Westpac Banking Dividend per year
Westpac Banking Dividend growth
Westpac Banking Dividend Yield
Westpac Banking current trailing twelve-month (TTM) dividend yield is 5.22%. Interested in purchasing Westpac Banking stock? Use our calculator to estimate your expected dividend yield:
Westpac Banking Financial Ratios
Westpac Banking Dividend FAQ
Other factors to consider when evaluating Westpac Banking as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
1. Determination of Dividend: Westpac Banking's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Westpac Banking publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Westpac Banking distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Westpac Banking are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Westpac Banking sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Westpac Banking distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Westpac Banking declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Westpac Banking's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Westpac Banking's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.