As of today (2024-04-26), the Trailing Annual Dividend Yield of Westpac Banking is 0.00%.
The historical rank and industry rank for Westpac Banking's Dividend Yield % or its related term are showing as below:
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%.
ASX:WBCPE.PFD's Dividend Yield % is not ranked *
in the Banks industry.
Industry Median: 3.98 * Ranked among companies with meaningful Dividend Yield % only.
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 Yield % Historical Data
The historical data trend for Westpac Banking's Dividend Yield % 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.
Competitive Comparison of Westpac Banking's Dividend Yield %
For the Banks - Diversified subindustry, Westpac Banking's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Dividend Yield % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Westpac Banking's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Westpac Banking's Dividend Yield % falls into.
Westpac Banking Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
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.
Thank you for viewing the detailed overview of Westpac Banking's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Westpac Banking (ASX:WBCPE.PFD) Business Description
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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