Westpac Banking Dividends and Buybacks
Dividend criteria checks 3/6
Westpac Banking is a dividend paying company with a current yield of 4.55% that is well covered by earnings. Next payment date is on 19th December, 2024 with an ex-dividend date of 7th November, 2024.
Key information
4.5%
Dividend yield
1.7%
Buyback Yield
| Total Shareholder Yield | 6.1% |
| Future Dividend Yield | 4.7% |
| Dividend Growth | -1.6% |
| Next dividend pay date | 19 Dec 24 |
| Ex dividend date | 07 Nov 24 |
| Dividend per share | NZ$1.670 |
| Payout ratio | 75% |
Recent dividend and buyback updates
Recent updates
Stability 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) | 4.5% |
| Market Bottom 25% (NZ) | 3.4% |
| Market Top 25% (NZ) | 6.0% |
| Industry Average (Banks) | 3.9% |
| Analyst forecast (WBC) (up to 3 years) | 4.7% |
Notable Dividend: WBC's dividend (4.55%) is higher than the bottom 25% of dividend payers in the NZ market (3.4%).
High Dividend: WBC's dividend (4.55%) is low compared to the top 25% of dividend payers in the NZ market (5.98%).
Current Payout to Shareholders
Earnings Coverage: At its current payout ratio (75.1%), WBC's 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 (72.7% payout ratio).