Westpac Banking Co. (ASX:WBC) Announces Dividend Increase – $0.90 Per Share

Westpac Banking Co. (ASX:WBC) declared a interim dividend on Tuesday, May 7th, MarketIndexAU reports. Stockholders of record on Monday, June 24th will be given a dividend of 0.90 per share on Monday, June 24th. This represents a dividend yield of 3.23%. The ex-dividend date is Wednesday, May 8th. This is an increase from Westpac Banking’s previous interim dividend of $0.70.

Westpac Banking Stock Performance

Insiders Place Their Bets

In related news, insider Peter King 48,806 shares of the firm’s stock in a transaction on Friday, February 9th. Insiders own 0.86% of the company’s stock.

About Westpac Banking

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through Consumer, Business, Consumer and Business Banking, Westpac Institutional Bank, Specialist Businesses, and Westpac New Zealand segments. It offers savings, term deposit, business transaction, not-for-profit transaction, foreign currency, farm management deposit, project and retention trust, and statutory trust accounts; home, personal, business, and commercial loans; car and equipment finance; business overdrafts and bank guarantees; debit and credit cards; international and travel services; share trading services; investment products; and home, car, travel, life, caravan and trailer, credit card and loan repayment, boat, and business insurance products.