Westpac Banking Corp Dividend yield

Westpac Banking Corp is part of Banks business, which is part of Financials industry. Westpac Banking Corp is a company from Australia, and his stocks are publicly traded.

Westpac Banking Corp stock dividend

Westpac Banking Corp paid a total dividend of 4,702 million AUD last year, for a market value of 77,023 millions (Market Cap 76,582 millions). Westpac Banking Corp dividend per share is 1.34 AUD, and his stock market price 21.95 AUD.

According to the chart below, where dividend yield is displayed, Westpac Banking Corp has a dividend yield of 6.10%, which is higher than the amount offered by both the market average and companies from Australia. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Westpac Banking Corp stocks dividend with other Banks companies or other of the highest Australia dividend stocks list.

Westpac Banking Corp Dividend Payout

About the ability of Westpac Banking Corp to maintain his current dividend of AUD 1.34 per share, an amount that accounts for 6.10%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Westpac Banking Corp payout on ernings is currently 75.28%, which is higher than the market average, and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures show that Westpac Banking Corp can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Westpac Banking Corp is AUD 3.92 per share, which is higher than the dividend per share paid by the company of AUD 1.34, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Westpac Banking Corp, compared againt world market average, Australia companies, Financials industry and Banks sector companies.

Westpac Banking Corp Dividend History

Below you will find a table with the historical evolution of Westpac Banking Corp's dividend stock, both in percentage and in AUD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	AUD	Paypout	Shares*
Present	6.10%	1.34	75.28%	3,509
2022	5.35%	1.25	70.22%	3,501
2021	5.53%	1.18	69.82%	3,669
2020	5.73%	1.11	129.07%	3,612
2019	7.18%	1.74	70.45%	3,569
2018	7.51%	1.88	72.87%	3,423
2017	6.00%	1.88	72.59%	3,394
2016	6.01%	1.88	73.44%	3,322
2015	5.68%	1.83	67.28%	3,322

*In millions

Then you can see the evolution of Westpac Banking Corp dividend stock, and compare it with the average of Australia stocks and that of the Banks stocks.

Westpac Banking Corp Stock performance

Finally, last moth Westpac Banking Corp showed a return of -1.70% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a 1.60% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Australia and Banks firms.