Westpac Banking Dividend
Dividend criteria checks 3/6
Westpac Banking is a dividend paying company with a current yield of 5.63% that is well covered by earnings.
Key information
5.6%
Dividend yield
69%
Payout ratio
| Industry average yield | 5.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | AU$2.07 |
| Dividend yield forecast in 3Y | 5.7% |
Recent dividend updates
Recent updates
With EPS Growth And More, Westpac Banking (ASX:WBC) Makes An Interesting Case
Jan 27
With EPS Growth And More, Westpac Banking (ASX:WBC) Makes An Interesting Case
Jul 02Westpac Banking (ASX:WBC) Has Announced That It Will Be Increasing Its Dividend To A$0.70
May 10Most Shareholders Will Probably Agree With Westpac Banking Corporation's (ASX:WBC) CEO Compensation
Dec 07Westpac Banking's (ASX:WBC) Dividend Will Be Increased To A$0.64
Nov 16Stability and Growth of Payments
Fetching dividends data
Stable Dividend: WBC's dividend payments have been volatile in the past 10 years.
Growing Dividend: WBC's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Westpac Banking Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (WBC) | 5.6% |
| Market Bottom 25% (AU) | 2.6% |
| Market Top 25% (AU) | 6.2% |
| Industry Average (Banks) | 5.0% |
| Analyst forecast in 3 Years (WBC) | 5.7% |
Notable Dividend: WBC's dividend (5.63%) is higher than the bottom 25% of dividend payers in the Australian market (2.63%).
High Dividend: WBC's dividend (5.63%) is low compared to the top 25% of dividend payers in the Australian market (6.25%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (69.1%), WBC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: WBC's dividends in 3 years are forecast to be covered by earnings (73.8% payout ratio).