Westpac Banking (ASX:WBC) Dividend Payout Ratio

: 0.76 (As of Sep. 2023)

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Westpac Banking's dividend payout ratio for the months ended in Sep. 2023 was 0.76.

The historical rank and industry rank for Westpac Banking's Dividend Payout Ratio or its related term are showing as below:

ASX:WBC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.57 Med: 0.79 Max: 0.98
Current: 0.69

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.

ASX:WBC's Dividend Payout Ratio is ranked worse than
87.37% of 1093 companies
in the Banks industry
Industry Median: 0.33 vs ASX:WBC: 0.69

As of today (2024-04-19), the Dividend Yield % of Westpac Banking is 5.52%.

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

Westpac Banking's Dividends per Share for the months ended in Sep. 2023 was A$0.70.

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.

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.

The growth rate is calculated with least square regression.

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

Westpac Banking Dividend Payout Ratio Historical Data

The historical data trend for Westpac Banking's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Westpac Banking Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Dividend Payout Ratio

0.98

0.79

0.57

0.69

Westpac Banking Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Dividend Payout Ratio																1.02	0.73	0.67	0.62	0.76

Competitive Comparison

For the Banks - Diversified subindustry, Westpac Banking's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

For the Banks industry and Financial Services sector, Westpac Banking's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Westpac Banking's Dividend Payout Ratio falls into.

Westpac Banking Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

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

Dividend Payout Ratio	=	Dividends per Share (A: Sep. 2023 )	/	EPS without NRI (A: Sep. 2023 )
	=	1.34	/	1.953
	=	0.69

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 )
	=	0.7	/	0.917
	=	0.76

Westpac Banking (ASX:WBC) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Westpac Banking Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Westpac Banking's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Westpac Banking (ASX:WBC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Westpac Banking Corp (ASX:WBC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

WEBNF:USA WBC:New Zealand WBC:Germany WBCPL.PFD:Australia WBCPK.PFD:Australia WBCPJ.PFD:Australia WBCPI.PFD:Australia WBCPH.PFD:Australia WBCPG.PFD:Australia WBCPF.PFD:Australia

Address

275 Kent Street, Sydney, NSW, AUS, 2000

Website

https://www.westpac.com.au

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.

Westpac Banking (ASX:WBC) Headlines

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