The S&P/ASX 200 Index (ASX: XJO) is starting the trading week off on an upbeat note after the carnage that we saw last week. At the time of writing, the ASX 200 has gained a healthy 0.94%, pushing the index back towards the 8,500-point mark. However, Wesfarmers Ltd (ASX: WES) shares are a little more subdued today.
The ASX 200 blue chip and industrial and retail conglomerate is still in positive territory so far this Monday. However, Wesfarmers shares are only up by a relatively tame 0.19% this session. After closing out at $80.03 a share last week, the company is currently sitting at $80.23 a share, up 0.22% for the day thus far.
It's been a tough few weeks for Wesfarmers. The company reached a new all-time record high of $95.18 per share in August and was trading as high as $94.70 late last month. However, since then, investors seem to have thought better of that kind of pricing. As it stands today, the Wesfarmers share price is a good 15.7% down from that record high, and down 15.3% from where it was at the end of October, a little over three weeks ago.
To be fair, Wesfarmers shares are still up a halthy 12.5% over 2025 to date, and up 11.3% over the past 12 months.
But given the recent share price dip, it might be a good time to check out what kind of dividend yield this ASX 200 blue chip is trading on right now. After all, any experienced dividend investor will tell you that when a stock's share price falls, the potential dividend yield available to new buyers rises.
And as Wesfarmers shares have long been a favourite of ASX income investors looking for fully-franked dividends, it's certainly worth a look today.
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What is the dividend yield on Wesfarmers shares right now?
So, Wesfarmers shares have paid out two dividends over 2025, as is the company's habit. The first was the 95-cent-per-share interim dividend that hit shareholders' bank accounts in April. The second is the October final dividend, worth $1.11 per share. Both of these payments came with full franking credits attached, as is Wesfarmers' habit. And both payments represented increases over their corresponding 2024 payments (91 cents and $1.07 per share, respectively).
Back in August, when Wesfarmers was at that $95.18 record high, those payouts would have given the company a dividend yield of just 2.16%. But at today's pricing, the company's yield now sits at 2.57%. A rather small but still notable improvement, we might say.
Of course, this yield is a trailing one. For investors buying Wesfarmers shares today, the company will need to keep its 2026 dividends at least in line with those paid out this year for it to hold going forward. But it has been many years since Wesfarmers has delivered a dividend cut, so history is arguably on shareholders' side there.
