Westpac Banking Corporation (WBC.NZ) Stock Price & Analysis
NZX Share Price, Dividends & Financials
Price
$44.38
Dividend Yield
4.29%
Annual yield
Market Cap
152B
Total value
P/E Ratio
19.6
Price to earnings
Dividend Information
Annual Rate
1.54
Per share annually
Last Dividend
0.77
07/05/2026
Ex-Dividend
08/05/2026
Next ex-date
Payout Ratio
Unknown
Of earnings
Years Paying
17
Consecutive
5Y Avg Yield
4.71
Historical avg
Stock Analysis Summary
01-04-2026
Westpac Banking Corporation (WBC.NZ) is a prominent stock on the NZX known for its attractive dividend income. As of the latest data, Westpac offers a current dividend yield of approximately 5.5%, with the 5-year range fluctuating between 4.5% and 6.5%. The bank pays dividends semi-annually, showcasing a stable payout history that appeals to income-focused investors. With a payout ratio around 70%, Westpac's dividends appear sustainable, reflecting a balanced approach between rewarding shareholders and retaining earnings for growth. Recently, Westpac has maintained consistent dividend payments, aligning with its historical performance, although minor adjustments may occur due to economic conditions. Compared to sector averages, Westpac's yield is competitive, making it a reliable option for retirees seeking steady income. Given its robust yield and stability, Westpac remains a compelling choice for dividend investors. Is Westpac Banking Corporation still a top dividend pick in 2025?
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Westpac Banking Corporation Dividend History
WBC dividend payment dates, amounts, and ex-dividend history
| Ex Dividend Date | Payable Date | Dividend Amount | Amount Change | Adjusted Price | Close Price |
|---|---|---|---|---|---|
| 08/05/2026 | N/A | 0.77 | -17.78% | 45.5 | 45.5 |
| 06/11/2025 | N/A | 0.77 | -11.65% | 45.94 | 45.94 |
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Investment Analysis: Westpac Banking Corporation
Dividend Payment Analysis
Westpac Banking Corporation (WBC.NZ) operates in the Financial Services sector and offers investors a moderate dividend yield of 4.29% based on current market prices. For New Zealand income investors, this translates to approximately $1.5400per share annually. This above-average yield warrants careful analysis of dividend sustainability. Past dividend payments do not guarantee future payments.
Dividend Sustainability Analysis
A critical factor for dividend investors is the sustainability of payments. Westpac Banking Corporationcurrently maintains a payout ratio of not available, which is considered strong coverage.
Dividend Yield Context
A 4.29% yield aligns with typical NZ dividend-paying stocks, offering a balance between income and capital appreciation potential. Always compare yields within the same sector for meaningful context.
Valuation Perspective for Dividend Investors
Beyond dividend metrics, valuation matters. Westpac Banking Corporation trades at a P/E ratio of 19.6x, which is fair by historical standards. Dividend investors often seek a combination of reasonable valuation and sustainable yield rather than chasing the highest yield alone.
Key Considerations Before Investing
Imputation Credits
As a New Zealand company, Westpac Banking Corporation may attach imputation credits to dividends, effectively providing NZ tax-resident shareholders with a tax credit for company tax already paid. Check the latest dividend notices for specific imputation credit percentages.
Total Return Perspective
While dividend yield is important, total return (dividends plus capital appreciation) matters more over the long term. Historical share price performance should be evaluated alongside dividend payments to assess the complete investment picture.
Sector-Specific Risks
Financial Services sector companies face unique industry dynamics. Research sector trends, regulatory changes, and competitive positioning before making investment decisions. Some investors study multiple sectors when researching dividend portfolios.
Important Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Past dividend payments do not guarantee future payments. Share prices and dividends can fall as well as rise. Always conduct your own research or consult a licensed financial adviser before making investment decisions. Data accuracy cannot be guaranteed and should be verified with official company sources.
Frequently Asked Questions
What is Westpac Banking Corporation's current dividend yield?
Westpac Banking Corporation (WBC.NZ) currently has a dividend yield of 4.29% as of 22/05/2026. This is calculated by dividing the annual dividend per share ($1.540) by the current share price ($44.38).
When does Westpac Banking Corporation pay dividends?
Based on historical data, Westpac Banking Corporation typically pays dividends semi-annually. The most recent ex-dividend date was 8/05/2026with a payment of $0.7700 per share. Dividend payment schedules are subject to board approval and may change.
Does Westpac Banking Corporation offer imputation credits?
Westpac Banking Corporation is a New Zealand company listed on the NZX. NZ companies can attach imputation credits to dividends, which represent company tax already paid. These credits may affect your tax position — consult a tax professional. Check the latest dividend notice on the NZX or the company's investor relations page for specific imputation credit amounts attached to each dividend payment.
How long has Westpac Banking Corporation been paying dividends?
Our database shows Westpac Banking Corporation has 1 consecutive years of dividend payments. This historical track record is informational only and does not guarantee future dividend payments or amounts.
Where can I find Westpac Banking Corporation's official dividend announcements?
Official dividend announcements for Westpac Banking Corporation are published on the NZX market announcements platform and typically on the company's investor relations website. These official sources provide the most accurate and up-to-date information about dividend amounts, dates, and imputation credits.
Key Dividend Considerations for Westpac Banking Corporation
Investors researching dividend stocks often consider the following factors. Here's how the data currently looks for Westpac Banking Corporation as of 22/05/2026:
Dividend Consistency
Westpac Banking Corporation has made 1 consecutive years of dividend payments based on our records, with a total of 2 payments tracked.
Dividend Growth Pattern
Over the tracked period, Westpac Banking Corporation's dividends have remained relatively stable:
Based on comparison of consecutive dividend payments. Historical data does not predict future performance.
Yield Context
| Metric | Value |
|---|---|
| Current Yield | 4.29% |
| 5-Year Average Yield | 4.29% |
| Financial Services Sector Average | 6.00% |
Yields are calculated based on current market prices and historical dividend payments. Future yields may differ.
Financial Sustainability Indicators
- Payout Ratio:N/A
- Some analysts view payout ratios under 80% as potentially more sustainable, but this is only one metric among many
- Dividend Coverage:N/Ax
- Higher coverage ratios may suggest more room to maintain dividends, though this is not guaranteed
Educational Note: These metrics provide historical context for dividend investors. They represent past performance and current market data. Dividend sustainability depends on many factors including company earnings, cash flow, debt levels, and business conditions. This information does not constitute a prediction of future dividend payments or investment advice.
Related Financial Services Stocks
Compare dividend yields across Financial Services sector companies
Investors interested in Financial Services dividend stocks often compare yields, payout ratios, and dividend growth across multiple companies. Below are 6 related NZX-listed stocks from the same sector, ranked by dividend yield. Past dividend history does not guarantee future payments. Compare yields, payout ratios, and fundamentals across companies.
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