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

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Westpac Banking Corp (WBC) is Australia’s oldest banking and financial services group, with branches and 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 in terms of market capitalisation, earnings and customers. Westpac is also one of the largest listed companies on the ASX.

Westpac serves nearly 13 million customers and provides a broad range of consumer, business and institutional banking and wealth management services. Its business portfolio is organised in the following five key divisions: Consumer Bank, Commercial and Business Bank, BT Financial Group, Westpac Institutional Bank and Westpac New Zealand.

Westpac Banking Corp (ASX: WBC) Latest News

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Will Westpac pay an interim dividend in 2020?

Westpac’s 2020 interim dividend decision has been deferred and no dividend will be paid in June 2020.

When does Westpac pay its dividends?

Westpac typically pays dividends twice each year, in June and December.

Does Westpac offer a dividend reinvestment plan (DRP)?

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