Westpac Banking Corp (ASX: WBC) Share Price and News

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Westpac Banking Corp Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $91.78 billion
P/E Ratio 13.42
Dividend Yield 5.42%
Shares Outstanding 3.50 billion
Earnings per share 1.952
Dividend per share 1.44
Year To Date Return 14.37%
Earnings Yield 7.45%
Franking 100%
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as at 24 Feb 3:44pm

  • Westpac Banking Corp (ASX: WBC)
    Latest News

    A man holds his hand under his chin as he concentrates on his laptop screen and reads about the ANZ share price
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    Why Westpac shares could suffer from a 'significant reset'

    Are big costs incoming? One expert thinks so.

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    Share Market News

    Here's what Westpac says the RBA will do with interest rates next week

    Is it still too soon for the central bank to cut rates?

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    Share Market News

    Why Pilbara Minerals, Syrah Resources, Tabcorp, and Westpac shares are sinking today

    These ASX shares are ending the week deep in the red. But why?

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    Why are ASX investors so obsessed with dividends?

    Dividends from ASX shares have helped many investors outperform the broader market.

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    What's going so wrong for ASX 200 shares on Friday?

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    Bank Shares

    Buyer beware! Why Macquarie just downgraded the big four ASX 200 banks

    Banks may have gotten too expensive.

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    Share Fallers

    Why Appen, Aussie Broadband, Core Lithium, and Westpac shares are dropping today

    These ASX shares are having a rough session on Thursday. But why?

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    Bank Shares

    Own Westpac shares? The bank may be looking for a new CEO

    The bank may be planning to have a new boss.

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    Dividend Investing

    How much passive income will I get from shares vs. property?

    We compare current rental yields across Australia to some of the best dividend-paying ASX shares.

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    Should you wait for a dip to buy ASX 200 bank shares?

    Banks have been rallying. Is it time to buy?

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    Bank Shares

    If I'd put $5,000 in Westpac shares at the start of 2024, here's what I'd have now

    Has this big four bank been a good place to invest?

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    Here's how the ASX 200 market sectors stacked up this week

    ASX financial shares led the 11 market sectors this week amid the ASX 200 rising 1.07%.

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    Frequently Asked Questions

    Westpac traditionally makes two fully-franked dividend payments to shareholders every year, payable in June and December. Its latest payout is a final dividend of 64 cents, payable in December 2022. 

    Yes. Westpac’s DRP allows eligible shareholders to reinvest some or all of their dividends in additional Westpac ordinary shares with no transaction costs.

    Westpac listed on the Australian Stock Exchange in July 1970.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    09 Nov 2023 $0.7200 100.00% Final 19 Dec 2023
    11 May 2023 $0.7000 100.00% Interim 27 Jun 2023
    17 Nov 2022 $0.6400 100.00% Final 20 Dec 2022
    19 May 2022 $0.6100 100.00% Interim 24 Jun 2022
    05 Nov 2021 $0.6000 100.00% Final 21 Dec 2021
    13 May 2021 $0.5800 100.00% Interim 25 Jun 2021
    11 Nov 2020 $0.3100 100.00% Final 18 Dec 2020
    12 Nov 2019 $0.8000 100.00% Final 20 Dec 2019
    16 May 2019 $0.9400 100.00% Interim 24 Jun 2019
    13 Nov 2018 $0.9400 100.00% Final 20 Dec 2018
    17 May 2018 $0.9400 100.00% Interim 04 Jul 2018
    13 Nov 2017 $0.9400 100.00% Final 22 Dec 2017
    18 May 2017 $0.0000 100.00% Interim 04 Jul 2017
    14 Nov 2016 $0.9400 100.00% Final 21 Dec 2016
    12 May 2016 $0.9400 100.00% Interim 04 Jul 2016
    11 Nov 2015 $0.9400 100.00% Final 21 Dec 2015
    14 May 2014 $0.9000 100.00% Interim 02 Jul 2014
    13 May 2013 $0.1000 100.00% Special Cash 02 Jul 2013
    13 May 2013 $0.8600 100.00% Interim 02 Jul 2013
    14 May 2012 $0.8200 100.00% Interim 02 Jul 2012
    16 May 2011 $0.7600 100.00% Interim 04 Jul 2011
    18 May 2009 $0.5600 100.00% Interim 02 Jul 2009
    05 Nov 2008 $0.7200 100.00% Final 17 Dec 2008
    19 May 2008 $0.7000 100.00% Interim 02 Jul 2008
    07 Nov 2007 $0.6800 100.00% Final 18 Dec 2007
    17 May 2007 $0.6300 100.00% Interim 02 Jul 2007
    16 Nov 2006 $0.6000 100.00% Final 13 Dec 2006
    01 Jun 2006 $0.5600 100.00% Interim 03 Jul 2006
    17 Nov 2005 $0.5100 100.00% Final 14 Dec 2005
    04 Jun 2004 $0.4200 100.00% Interim 02 Jul 2004
    20 Nov 2003 $0.4000 100.00% Final 19 Dec 2003

    WBC ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Westpac Banking Corp

    Westpac Banking Corp (ASX: WBC) is Australia's oldest banking and financial services group, with operations throughout Australia, New Zealand and the near Pacific region, as well as offices in key financial centres around the world, including London, New York, Hong Kong and Singapore.

    Established in 1817 as the Bank of New South Wales, the company changed its name to Westpac Banking Corporation in 1982 and is one of Australia’s 'big four' banks regarding market capitalisation, earnings, and customers. Westpac is also one of the largest listed companies on the ASX.

    Westpac provides a broad range of consumer, business and institutional banking and wealth management services.

    Its portfolio of brands comprises Westpac, St.George, Bank of Melbourne, BankSA, BT and RAMS.

    Its business portfolio comprises six key divisions: Consumer, Business, Westpac Institutional Bank,  Westpac New Zealand, Group Businesses, and Specialist Businesses.

    The Westpac share price slumped during the Covid-19 pandemic in 2020 but has since mounted a recovery, along with many other ASX shares.

    WBC Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    18 Mar 2024 $26.33 $0.14 0.53% 6,231,812 $26.17 $26.34 $25.97
    15 Mar 2024 $26.19 $-0.28 -1.06% 20,505,726 $26.07 $26.26 $25.59
    14 Mar 2024 $26.47 $-1.03 -3.75% 9,107,820 $27.13 $27.13 $26.27
    13 Mar 2024 $27.50 $0.49 1.81% 7,965,312 $27.10 $27.50 $27.06
    12 Mar 2024 $27.01 $0.19 0.71% 6,297,159 $27.00 $27.38 $26.82
    11 Mar 2024 $26.82 $-0.88 -3.18% 7,281,473 $27.47 $27.47 $26.78
    08 Mar 2024 $27.70 $0.70 2.59% 11,339,107 $27.13 $27.70 $27.12
    07 Mar 2024 $27.00 $0.06 0.22% 6,247,436 $26.98 $27.06 $26.86
    06 Mar 2024 $26.94 $0.29 1.09% 6,313,428 $26.80 $26.94 $26.66
    05 Mar 2024 $26.65 $-0.02 -0.07% 7,046,885 $26.75 $26.78 $26.55
    04 Mar 2024 $26.67 $0.26 0.98% 10,859,769 $26.45 $26.73 $26.36
    01 Mar 2024 $26.41 $0.06 0.23% 5,900,908 $26.30 $26.43 $26.25
    29 Feb 2024 $26.35 $0.15 0.57% 12,720,170 $26.19 $26.35 $25.98
    28 Feb 2024 $26.20 $-0.05 -0.19% 4,945,467 $26.25 $26.31 $26.07
    27 Feb 2024 $26.25 $0.21 0.81% 5,907,095 $26.04 $26.25 $25.91
    26 Feb 2024 $26.04 $0.10 0.39% 3,680,382 $26.00 $26.09 $25.88
    23 Feb 2024 $25.94 $0.07 0.27% 4,661,409 $26.00 $26.08 $25.94
    22 Feb 2024 $25.87 $-0.02 -0.08% 5,865,467 $25.86 $25.89 $25.65
    21 Feb 2024 $25.89 $-0.01 -0.04% 10,506,104 $25.93 $26.08 $25.79
    20 Feb 2024 $25.90 $0.66 2.61% 14,263,551 $25.58 $25.91 $25.55

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    09 Feb 2024 Peter King Issued 48,806 $1,189,402
    Issue of securities.
    09 Feb 2024 Peter King Issued 165,955 $4,044,323
    Issue of securities. 647,642 Rights
    11 Jan 2024 Nora Scheinkestel Buy 1,285 $29,670
    On-market trade.
    19 Dec 2023 Nora Scheinkestel Buy 284 $6,040
    Dividend Reinvestment Plan (DRP).
    19 Dec 2023 Nora Scheinkestel Buy 219 $4,658
    Dividend Reinvestment Plan (DRP).
    02 Nov 2023 Peter King Expiry 88,957 $1,883,219
    As advised by the company. Lapsed, 481,687 Rights
    23 Aug 2023 Audette Exel Transfer 11,562 $244,420
    Off-market transfer.
    23 Aug 2023 Audette Exel Transfer 11,562 $244,420
    Off-market transfer.
    27 Jun 2023 Nora Scheinkestel Buy 208 $4,384
    Dividend Reinvestment Plan (DRP).
    27 Jun 2023 Audette Exel Buy 371 $7,820
    Dividend Reinvestment Plan (DRP).
    27 Jun 2023 Nora Scheinkestel Buy 195 $4,110
    Dividend Reinvestment Plan (DRP).
    22 May 2023 Nora Scheinkestel Buy 2,330 $49,442
    On-market trade.

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Dr Nora Lia Scheinkestel Non-Executive Director Mar 2021
    Dr Scheinkestel has background as a senior banking executive in international and project financing. Nora has served as Chairman and Director in a range of companies across various industry sectors and in the public, private and government arena. She is Member of the Board Risk Committee.
    Mr Michael James Ullmer Non-Executive Director Apr 2023
    Mr Ullmer has more than 40 years of experience in international banking, finance and professional services. Michael was formerly the Deputy Group Chief Executive Officer of the National Australia Bank (NAB) from 2007 until he retired from the Bank in August 2011. He joined NAB in 2004 as Finance Director and held several positions including Chairman of the subsidiaries Great Western Bank (US) and JB Were. Prior to NAB, Michael was at Commonwealth Bank of Australia, initially as Group Chief Financial Officer and then Group Executive with responsibility for Institutional and Business Banking. He is member of Risk Committee.
    Mr Steven Gregg Chairman - electNon-Executive Director Nov 2023
    Mr Gregg has more than 35 years experience spanning chair, director and executive roles across a range of sectors. He has been the Chair of Ampol Limited since 2017, Unisson Disability Foundation since 2010, and The Lottery Corporation since 2022 (retiring first quarter calendar year 2024). Mr Gregg has previously held board positions with Challenger Financial Group, Goodman Fielder Limited (Chair), Austock Group Limited (Chair), Tabcorp Holdings Limited (Chair), Caltex Australia Limited and The Australian Museum (Trustee). Mr Gregg was a Partner at McKinsey & Company between 2005 and 2009 and prior to this was UK Head at ABN AMRO. Earlier in his career he held executive positions with Lehman Brothers and Chase Manhattan Bank, after starting as an economist with AMP Morgan Grenfell.
    Ms Margaret (Margie) Leone Seale Non-Executive Director Mar 2019
    Ms Seale has more than 25 years of experience in senior executive roles in Australia and overseas, including in consumer goods, global publishing, sales and marketing, and the transition of traditional business models to digital environments. Prior to her non-executive career, Margie was the Managing Director of Random House Australia and New Zealand and President, Asia Development for Random House Inc.
    Ms Audette Evelyn Exel Non-Executive Director Sep 2021
    Ms Exel has more than 35 years of experience in the global financial services markets as a senior executive, a non-executive director and as a social entrepreneur. He is Chair of the Board Risk Committee.
    Ms Nerida Frances Caesar Non-Executive Director Sep 2017
    Ms Caesar has over 35 years of commercial and business management experience, with depth in technology-led businesses. Before joining Equifax, Nerida held several senior management roles at Telstra, including Group Managing Director, Enterprise and Government and Group Managing Director, Wholesale. Nerida also held several Executive and senior management positions with IBM within Australia and internationally, including as Vice President of IBM's Intel Server Division for the Asia Pacific region.
    Mr Peter Stanley Nash Non-Executive Director Mar 2018
    Mr Nash was formerly a Senior Partner with KPMG, having been admitted to the Australian partnership in 1993. He served as the National Chairman of KPMG Australia and served on KPMG's Global and Regional Boards. His previous positions with KPMG included Regional Head of Audit for Asia Pacific, National Managing Partner for Audit in Australia, and head of KPMG Financial Services. Peter has worked in geographically diverse and operating environments providing advice on a range of topics including business strategy, risk management, internal controls, business processes and regulatory change. He is Member of the Board Risk Committee.
    Mr Peter Francis King Chief Executive OfficerManaging Director Dec 2019
    Mr King has held senior finance roles including Chief Financial Officer with responsibility for Westpac's Finance, Group Audit, Tax, Treasury and Investor Relations functions. He has worked in senior finance roles across the Group including in Group Finance, Business and Consumer Banking, Business and Technology Services, Treasury and Financial Markets. Peter commenced his career at Deloitte Touche Tohmatsu.
    Mr Timothy Martin Burroughs Non-Executive Director Mar 2023
    Mr Burroughs has over 40 years of experience in finance, international banking and mergers and acquisitions. Tim was formerly Chairman of Investment Banking at Goldman Sachs Australia, where he worked for 11 years. Prior to this, Tim held senior positions at Merrill Lynch including Chairman of Mergers and Acquisitions. From 1993 to 1997, Tim was Principal at Centaurus Corporate Finance, a leading independent advisory firm. He is member of Risk Committee.
    Mr Timothy (Tim) Hartin General ManagerCompany Secretary Nov 2011
    -
    Catherine McGrath Chief Executive Officer Westpac New Zealand
    -
    Anthony Miller Chief Executive Business and Wealth
    -
    Jason Yetton Chief Executive Consumer
    -
    Nell Hutton Chief Executive Westpac Institutional Bank
    -
    Michael Rowland Chief Financial Officer
    -
    Ryan Zanin Chief Risk Officer
    -
    Yianna Papanikolaou Chief Transformation Officer
    -
    Timothy (Tim) Hartin General ManagerCompany Secretary
    -
    Scott Collary Group Chief Information Officer Technology
    -
    Carolyn McCann Group Executive Customer and Corporate Services
    -
    Christine Parker Group Executive Human Resources
    -
    Shannon Finch Group General Counsel
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    Hsbc Custody Nominees (Australia) Limited 796,403,174 22.70%
    J P Morgan Nominees Australia Pty Limited 478,814,058 13.65%
    Citicorp Nominees Pty Limited 230,292,719 6.56%
    National Nominees Limited 68,853,101 1.96%
    Bnp Paribas Noms Pty Ltd <Drp> 60,126,620 1.71%
    Bnp Paribas Nominees Pty Ltd <Agency Lending Drp A/C> 25,441,569 0.72%
    Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 25,201,243 0.72%
    Pacific Custodians Pty Limited <WBC Plans Ctrl A/C> 17,878,667 0.51%
    Netwealth Investments Limited <Wrap Services A/C> 15,669,646 0.45%
    Australian Foundation Investment Company Limited 15,125,000 0.43%
    HSBC Custody Nominees (Australia) Limited <NT Comnwlth Super Corp A/C> 14,729,409 0.42%
    Bnp Paribas Nominees Pty Ltd Hub24 Custodial Serv Ltd <Drp A/C> 13,337,828 0.38%
    Argo Investments Limited 8,407,648 0.24%
    BNP Paribas NOMS (NZ) Ltd <DRP> 5,134,531 0.15%
    Eastfield International Pty Ltd <M and D Family A/C> 4,634,188 0.13%
    Ioof Investment Services Limited <Ips Superfund A/C> 4,187,171 0.12%
    Nulis Nominees (Australia) Limited <Navigator Mast Plan Sett A/C> 4,167,334 0.12%
    Navigator Australia Ltd <Mlc Investment Sett A/C> 3,945,898 0.11%
    HSBC Custody Nominees (Australia) Limited A/C 2 3,752,779 0.11%
    Mutual Trust Pty Ltd 3,645,901 0.10%

    Profile

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