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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Westpac BankingASX:WESSWG 67 3-Year Dividend Growth Rate is 7.90% as of Mar. 2026, which is 27% below its 10-year median of 10.80. GuruFocus rates ASX:WESSWG with a GF Score™ of 67/100. The stock has 3 warning signs investors should review. Among 959 Banks companies, Westpac Banking ranks worse than 54.95% on this metric.
The historical rank and industry rank for Westpac Banking's 3-Year Dividend Growth Rate or its related term are showing as below:
ASX:WESSWG'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -39 Med: 10.8 Max: 37.3
Current: 7.9
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Westpac Banking was 37.30% per year. The lowest was -39.00% per year. And the median was 10.80% per year.
ASX:WESSWG's 3-Year Dividend Growth Rate is ranked worse than 54.95% of 959
companies
in the Banks industry
Industry Median: 10.1
vs ASX:WESSWG: 7.90
During the past 12 months, Westpac Banking's average Dividends Per Share Growth Rate was 1.30% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 7.90% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 14.80% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -4.10% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Westpac Banking Corp is 0.73, which seems too high.
Good Sign:
Westpac Banking Corp stock Dividend Yield % is close to 2-year high.
For more information regarding to dividend, please check our Dividend Page.
During the past 13 years, the highest Dividend Payout Ratio of Westpac Banking was 0.98. The lowest was 0.57. And the median was 0.77.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Westpac Banking Corp is 0.73, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
During the past 13 years, the highest Dividend Yield of Westpac Banking was 12.63%. The lowest was 2.98%. And the median was 5.42%.
Good Sign:
Westpac Banking Corp stock Dividend Yield % is close to 2-year high.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Westpac Banking 3-Year Dividend Growth Rate Related Terms>
ASX:WESSWG vs JPM, BAC, WFC: 3-Year Dividend Growth Rate Comparison
For the Banks - Diversified subindustry, Westpac Banking's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Westpac Banking 3-Year Dividend Growth Rate vs Banks Industry
For the Banks industry and Financial Services sector, Westpac Banking's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Westpac Banking's 3-Year Dividend Growth Rate falls into.
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Dividend Growth Rate of 7.90% mean?
Westpac Banking (ASX:WESSWG) has a 3-Year Dividend Growth Rate of 7.90% as of Mar. 2026. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Westpac Banking and its competitors. This is 27% below median its historical median of 10.80. According to the industry distribution chart, Westpac Banking ranks #527 out of 959 companies in the Banks industry, placing it in the top 55%.
Is Westpac Banking's 3-Year Dividend Growth Rate too high?
Westpac Banking's current 3-Year Dividend Growth Rate of 7.90% is 27% below median its 10-year median of 10.80. The Banks industry median 3-Year Dividend Growth Rate is 10.10. Westpac Banking's value of 7.90% is 21.8% below this industry median. Based on the distribution chart, Westpac Banking ranks #527 out of 959 companies in the Banks industry, which is below the industry midpoint. Overall, Westpac Banking has a GF Score™ of 67/100, reflecting its overall financial health beyond just this single metric.
How does Westpac Banking's 3-Year Dividend Growth Rate compare to JPM and BAC?
According to the Banks industry distribution chart, Westpac Banking ranks #527 out of 959 companies for 3-Year Dividend Growth Rate. This places Westpac Banking in the lower half of its industry. The industry median 3-Year Dividend Growth Rate is 10.10. Westpac Banking's value of 7.90% is 21.8% below this benchmark. While the company's 10-year median is 10.80 vs. the industry median of 10.10, Westpac Banking has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Dividend Growth Rate for a Banks company?
The median 3-Year Dividend Growth Rate among Banks companies is 10.10, based on 959 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year Dividend Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year Dividend Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Westpac Banking's current 3-Year Dividend Growth Rate of 7.90% is 21.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Dividend Growth Rate mean?
A high 3-Year Dividend Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Westpac Banking and its competitors. For the Banks industry, the median 3-Year Dividend Growth Rate is 10.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Westpac Banking's current 3-Year Dividend Growth Rate is 7.90%, which is 27% below median its own 10-year median of 10.80. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Westpac Banking stock overvalued right now?
Westpac Banking (ASX:WESSWG) has a current 3-Year Dividend Growth Rate of 7.90%. The current 3-Year Dividend Growth Rate is 7.90%, which is 27% below median its 10-year median of 10.80 and 21.8% below the Banks industry median of 10.10. Westpac Banking's overall GF Score™ is 67/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Dividend Growth Rate calculated?
3-Year Dividend Growth Rate is calculated from a company's financial statements. For Westpac Banking (ASX:WESSWG), the current 3-Year Dividend Growth Rate is 7.90% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Westpac is Australia's oldest bank and financial services group, with a significant franchise in Australia and New Zealand in the consumer, small business, corporate, and institutional sectors, in addition to its major presence in wealth management. Westpac is among a handful of banks around the globe currently retaining very high credit ratings. The bank benefits from a large national branch network and significant market share, particularly in home loans and retail deposits.
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