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Westpac Banking (NZSE:WBC) 5-Year Dividend Growth Rate : -8.00% (As of Sep. 2023)


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What is Westpac Banking 5-Year Dividend Growth Rate?

Westpac Banking's Dividends per Share for the six months ended in Sep. 2023 was NZ$0.76.

During the past 12 months, Westpac Banking's average Dividends Per Share Growth Rate was 10.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 18.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -8.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -5.80% 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.

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 11.20% per year.

Westpac Banking's Dividend Payout Ratio for the six months ended in Sep. 2023 was 0.76. As of today, Westpac Banking's Dividend Yield % is 5.44%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Westpac Banking's 5-Year Dividend Growth Rate

For the Banks - Diversified subindustry, Westpac Banking's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-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's 5-Year Dividend Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Westpac Banking's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Westpac Banking's 5-Year Dividend Growth Rate falls into.



Westpac Banking 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

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.


Westpac Banking  (NZSE:WBC) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Westpac Banking's Dividend Payout Ratio for the quarter that ended in Sep. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Sep. 2023 )/ EPS without NRI (Q: Sep. 2023 )
=0.758/ 0.994
=0.76

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 0.79.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Westpac Banking Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
AUD 0.7202023-11-092023-11-102023-12-19Cash Dividendsemi-annuallyAUD:NZD 1.083279
AUD 0.7002023-05-112023-05-122023-06-27Cash Dividendsemi-annuallyAUD:NZD 1.069103

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Westpac Banking's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.52833298/28.20
=5.42 %

Current Share Price is NZ$28.20.
Westpac Banking's Dividends per Share for the trailing twelve months (TTM) ended in Today is NZ$1.52833298.

During the past 13 years, the highest Dividend Yield of Westpac Banking was 12.63%. The lowest was 2.98%. And the median was 5.65%.

* 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 5-Year Dividend Growth Rate Related Terms

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Westpac Banking (NZSE:WBC) Business Description

Address
275 Kent Street, Sydney, NSW, AUS, 2000
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.