Westpac Banking Dividend
Dividend criteria checks 3/6
Westpac Banking is a dividend paying company with a current yield of 5.61% that is well covered by earnings.
Key information
5.6%
Dividend yield
69%
Payout ratio
Industry average yield | 4.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | NZ$0.87 |
Dividend yield forecast in 3Y | 5.7% |
Recent dividend 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 |
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Segment | Dividend Yield |
---|---|
Company (WBC) | 5.6% |
Market Bottom 25% (NZ) | 3.1% |
Market Top 25% (NZ) | 7.1% |
Industry Average (Banks) | 4.9% |
Analyst forecast in 3 Years (WBC) | 5.7% |
Notable Dividend: WBC's dividend (5.61%) is higher than the bottom 25% of dividend payers in the NZ market (3.06%).
High Dividend: WBC's dividend (5.61%) is low compared to the top 25% of dividend payers in the NZ market (7.06%).
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 (68.4% payout ratio).