Westpac Banking Corp (ASX: WBC) Share Price and News
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Movement
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1 Year Return
Westpac Banking Corp Chart and Price Data
Fundamentals Data provided by Morningstar.
Data provided by Morningstar.
Market Cap
$76.92 billion
P/E Ratio
10.95
Dividend Yield
6.64%
Shares Outstanding
3.50 billion
Earnings per share
1.952
Dividend per share
1.44
Year To Date Return
-0.04%
Earnings Yield
9.13%
Franking
100%
Share Price
Day Change
52 Week Range
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Yesterday's Close
Today's Open
Days Range
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Volume
Avg. Volume (1 month)
Turnover
as at 24 Feb 3:44pm
Westpac Banking Corp (ASX: WBC)
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Frequently Asked Questions
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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.
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Yes. Westpac’s DRP allows eligible shareholders to reinvest some or all of their dividends in additional Westpac ordinary shares with no transaction costs.
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Westpac listed on the Australian Stock Exchange in July 1970.
Dividend Payment History 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.
| Date | Announcement | Price Sensitive? | Time | No. of Pages | File 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.
| Date | Close | Change | % Change | Volume | Open | High | Low |
|---|---|---|---|---|---|---|---|
| 08 Dec 2023 | $21.92 | $0.01 | 0.05% | 4,690,071 | $21.81 | $22.00 | $21.73 |
| 07 Dec 2023 | $21.91 | $0.12 | 0.55% | 5,521,122 | $21.82 | $21.94 | $21.75 |
| 06 Dec 2023 | $21.79 | $0.37 | 1.73% | 9,700,736 | $21.52 | $21.83 | $21.49 |
| 05 Dec 2023 | $21.42 | $0.03 | 0.14% | 4,728,081 | $21.44 | $21.44 | $21.30 |
| 04 Dec 2023 | $21.39 | $0.12 | 0.56% | 4,453,656 | $21.41 | $21.50 | $21.34 |
| 01 Dec 2023 | $21.27 | $-0.10 | -0.47% | 4,805,152 | $21.35 | $21.37 | $21.23 |
| 30 Nov 2023 | $21.37 | $0.22 | 1.04% | 10,615,760 | $21.25 | $21.40 | $21.16 |
| 29 Nov 2023 | $21.15 | $-0.10 | -0.47% | 4,916,678 | $21.24 | $21.32 | $21.11 |
| 28 Nov 2023 | $21.25 | $0.15 | 0.71% | 3,934,784 | $21.19 | $21.38 | $21.17 |
| 27 Nov 2023 | $21.10 | $-0.23 | -1.08% | 3,856,822 | $21.46 | $21.46 | $21.10 |
| 24 Nov 2023 | $21.33 | $0.02 | 0.09% | 3,330,750 | $21.31 | $21.45 | $21.28 |
| 23 Nov 2023 | $21.31 | $0.08 | 0.38% | 4,510,697 | $21.21 | $21.35 | $21.16 |
| 22 Nov 2023 | $21.23 | $-0.06 | -0.28% | 4,245,500 | $21.24 | $21.34 | $21.15 |
| 21 Nov 2023 | $21.29 | $0.07 | 0.33% | 4,841,965 | $21.27 | $21.29 | $21.17 |
| 20 Nov 2023 | $21.22 | $0.12 | 0.57% | 4,912,246 | $21.13 | $21.28 | $21.10 |
| 17 Nov 2023 | $21.10 | $-0.05 | -0.24% | 5,342,662 | $21.16 | $21.20 | $20.99 |
| 16 Nov 2023 | $21.15 | $0.00 | 0.00% | 4,656,916 | $21.27 | $21.29 | $21.12 |
| 15 Nov 2023 | $21.15 | $0.14 | 0.67% | 7,420,728 | $21.24 | $21.32 | $21.15 |
| 14 Nov 2023 | $21.01 | $0.21 | 1.01% | 6,754,941 | $21.02 | $21.07 | $20.88 |
| 13 Nov 2023 | $20.80 | $-0.06 | -0.29% | 6,785,133 | $20.80 | $20.86 | $20.72 |
Director Transactions Data provided by Morningstar.
| Date | Director | Type | Amount | Value | Notes |
|---|---|---|---|---|---|
| 02 Nov 2023 | Peter King | Expiry | 88,957 | $1,883,219 |
As advised by the company. Lapsed, 481,687 Rights
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| 23 Aug 2023 | Audette Exel | Transfer | 11,562 | $244,420 |
Off-market transfer.
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| 23 Aug 2023 | Audette Exel | Transfer | 11,562 | $244,420 |
Off-market transfer.
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| 27 Jun 2023 | Nora Scheinkestel | Buy | 208 | $4,384 |
Dividend Reinvestment Plan (DRP).
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| 27 Jun 2023 | Nora Scheinkestel | Buy | 195 | $4,110 |
Dividend Reinvestment Plan (DRP).
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| 27 Jun 2023 | Audette Exel | Buy | 371 | $7,820 |
Dividend Reinvestment Plan (DRP).
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| 22 May 2023 | Nora Scheinkestel | Buy | 2,330 | $49,442 |
On-market trade.
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| 20 Dec 2022 | Nora Scheinkestel | Buy | 163 | $3,889 |
Dividend Reinvestment Plan (DRP).
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| 20 Dec 2022 | Nora Scheinkestel | Buy | 154 | $3,674 |
Dividend Reinvestment Plan (DRP).
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| 20 Dec 2022 | Audette Exel | Buy | 293 | $6,990 |
Dividend Reinvestment Plan (DRP).
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| 16 Dec 2022 | Peter King | Issued | 154,761 | $3,605,931 |
Issue of securities. 570,644 - Performance Share Rights
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| 16 Dec 2022 | Peter King | Issued | 41,489 | $966,693 |
Issue of securities.
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Directors & Management 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.
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| Mr Christopher James Lynch | Non-Executive Director | Sep 2020 |
Mr Lynch has experience in mineral resources and infrastructure, having spent over 30 years, working in these fields globally. Chris was formerly the Global Chief Financial Officer of Rio Tinto Group, based in London, and an Executive Director.
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| 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.
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| Mr Timothy (Tim) Hartin | General ManagerCompany Secretary | Nov 2011 |
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| Catherine McGrath | Chief Executive Officer Westpac New Zealand |
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| Anthony Miller | Chief Executive Business and Wealth |
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| Jason Yetton | Chief Executive Consumer |
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| Nell Hutton | Chief Executive Westpac Institutional Bank |
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| Michael Rowland | Chief Financial Officer |
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| Ryan Zanin | Chief Risk Officer |
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| Yianna Papanikolaou | Chief Transformation Officer |
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| Timothy (Tim) Hartin | General ManagerCompany Secretary |
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| Scott Collary | Group Chief Information Officer Technology |
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| Carolyn McCann | Group Executive Customer and Corporate Services |
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| Christine Parker | Group Executive Human Resources |
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| Shannon Finch | Group General Counsel |
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Top Shareholders 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% |
