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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 dateDividend amountDividend typePay date
2024-11-07$0.47semi annually2024-12-19
2024-05-09$0.60semi annually2024-06-25
2023-11-09$0.42semi annually2023-12-19
2023-05-11$0.45semi annually2023-06-27
2022-11-17$0.41semi annually2022-12-20
2022-05-19$0.43semi annually2022-06-24
2021-11-05$0.45semi annually2021-12-21
2021-05-13$0.45semi annually2021-06-25
2020-11-10$0.23semi annually2020-12-18
2019-11-12$0.53semi annually2019-12-20
2019-05-16$0.65semi annually2019-06-24
2018-11-13$0.70semi annually2018-12-20
2018-05-17$0.76semi annually2018-07-04
2017-11-13$0.78semi annually2017-12-22
2017-05-18$0.74semi annually2017-07-04
2016-11-14$0.75semi annually
2016-05-12$0.72semi annually
2015-11-11$0.67semi annually
2015-05-13$0.85semi annually
2014-11-10$0.99semi annually
2014-05-14$1.13semi annually
2013-11-08$0.09semi annually
2013-05-13$0.10semi 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

P/E ratio13.26
PEG ratio-6.59
P/B ratio1.54
ROE11.52%
Payout ratio59.78%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Westpac Banking Dividend FAQ

How much is the next Westpac Banking dividend?
Westpac Banking's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Westpac Banking dividend. The next Westpac Banking dividend will be released in May, or November.
When is Westpac Banking dividend paid?
Westpac Banking pays dividends on a semi annually basis. The specific dates may vary each year but are generally around May, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Westpac Banking pay?
The specific amount of Westpac Banking dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Westpac Banking's dividend history.
Does Westpac Banking stock pay dividends?
Yes, Westpac Banking does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Westpac Banking's dividend history.
How much dividend does Westpac Banking pay?
Westpac Banking paid $1.066 in 2024, $0.875 in 2023, $0.842 in 2022, $0.895 in 2021, and $0.225 in 2020.
How often does Westpac Banking pay dividends?
Westpac Banking typically pays dividends on a semi annually basis. This means that dividends are usually distributed 2 times a year. The specific payout dates may vary each year but generally fall around May, and November.
What is Westpac Banking's dividend yield?
The current dividend yield for Westpac Banking is 5.22%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Westpac Banking's exact dividend yield.
When does Westpac Banking go ex dividend?
Westpac Banking's ex-dividend date for the latest dividend was on 2024-11-07. Westpac Banking typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Westpac Banking dividend paid?
Westpac Banking pays dividends on a semi annually basis, typically around May, or November, but the exact dates can vary each year.
Will Westpac Banking increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Westpac Banking will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Westpac Banking dividend per share?
Westpac Banking paid $1.066 per share in 2024 and $0.875 per share in 2023. The amount of dividend per share that Westpac Banking pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Westpac Banking a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Westpac Banking a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Westpac Banking a dividend stock?
Yes, Westpac Banking is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Westpac Banking a good dividend stock?
Whether Westpac Banking is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Westpac Banking has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Westpac Banking pay dividends monthly?
Westpac Banking typically pays dividends on a semi annually basis.
Does Westpac Banking pay dividends quarterly?
Westpac Banking currently pays dividends on a semi annually basis.
Has Westpac Banking ever paid a dividend?
Yes, Westpac Banking has a history of paying dividends to its shareholders. Westpac Banking is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Westpac Banking dividend stocks?
To buy Westpac Banking you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Westpac Banking stock.

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.
When does Westpac Banking pay dividends 2024?
Westpac Banking pays dividends on a semi annually basis. 2024 dividend payments are in 2024-12-19. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Westpac Banking increase its dividend in 2024?
Decisions regarding Westpac Banking dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Westpac Banking dividend overview you can look into the above table of dividend history.
How Westpac Banking dividend works?
The Westpac Banking dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Westpac Banking's dividend process works:

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.
How are Westpac Banking dividends paid?
Westpac Banking dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Westpac Banking pay dividends?
Westpac Banking typically pays dividends on a semi annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Westpac Banking pay dividends?
The general pattern is that Westpac Banking pays dividends around May, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Westpac Banking dividend safe?
The safety of Westpac Banking's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

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.