Is Westpac Banking a good dividend stock?

Westpac Banking (NYSE:WBK) pays an annual dividend of $0.84 per share and currently has a dividend yield of 5.86%. WBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 63.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WBK will have a dividend payout ratio of 63.64% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for WBK .

What is Brian Hartzer's approval rating as Westpac Banking's CEO?

488 employees have rated Westpac Banking Chief Executive Officer Brian Hartzer on Glassdoor.com . Brian Hartzer has an approval rating of 84% among the company's employees.

What other stocks do shareholders of Westpac Banking own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Westpac Banking investors own include Intelsat (I) , Bank of America (BAC) , Fossil Group (FOSL) , AMC Entertainment (AMC) , Associated British Foods (ABF) , Chaarat Gold (CGH) , Apollo Global Management (APO) , First Data (FDC) , China Unicom (Hong Kong) (CHU) and Ciena (CIEN) .

NYSE:WBK

Westpac Banking (WBK) Stock Price, News & Analysis

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Today's Range: $14.20
▼
$14.20
50-Day Range: $14.20
▼
$15.82
52-Week Range: $13.91
▼
$20.82

Volume: N/A
Average Volume: 427,168 shs
Market Capitalization: $52.09 billion

P/E Ratio: 10.76
Dividend Yield: 5.92%
Price Target: N/A

Stock Analysis

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About Westpac Banking Stock (NYSE:WBK)

Westpac Banking Corp. engages in the provision of banking and financial services. It operates through the following segments: Consumer Bank, Business Bank, BT Financial Group (Australia), Westpac Institutional Bank, Westpac New Zealand and Group Businesses. The Consumer Bank segment covers consumer banking products and services under the Westpac, St. George, BankSA, Bank of Melbourne and RAMS brands. The Business Bank segment involves in sales and customer service of small-to-medium enterprise, commercial and agribusiness customers under the Westpac, St.George, Bank of Melbourne and BankSA brands. The BT Financial Group (Australia) segment manages wealth and insurance division. The Westpac Institutional Bank segment delivers a range of financial services to commercial, corporate, institutional, and government customers. The Westpac New Zealand segment comprises sales and service of banking, wealth and insurance products for consumer, business and institutional customers. The Group Businesses segment is responsible for the management of the Group's balance sheet, group technology which includes functions for the Australian businesses and core support which covers functions perform

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WBK Stock News Headlines

April 8, 2024 | msn.com

Australia consumer sentiment worsens in April- Westpac

April 8, 2024 | msn.com

Do Westpac dividends still beat money in a term deposit?

April 16, 2024 | Porter & Company (Ad)

The #1 Investment of the Decade…

April 3, 2024 | fool.com.au

After leaping to 52-week highs in March, what's next for the Westpac share price?

March 29, 2024 | au.finance.yahoo.com

Westpac announces move to help Centrelink customers battling cost of living

March 27, 2024 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: Capital One Financial (COF) and Westpac Banking (OtherWEBNF)

March 27, 2024 | au.investing.com

Westpac (ASX: WBC) to ramp up technology investment in bid to outpace competitors

March 27, 2024 | afr.com

‘We made it more difficult’; Westpac plots multibillion-dollar tech project

April 16, 2024 | Porter & Company (Ad)

The #1 Investment of the Decade…

March 27, 2024 | fool.com.au

Westpac shares push higher on $9.8b technology simplification plan

March 26, 2024 | afr.com

Westpac and NAB back CBA, call for more scrutiny of Apple in payments

March 26, 2024 | au.investing.com

Westpac launches new scam safeguards

March 26, 2024 | msn.com

Westpac launches ‘innovative’ AI questionnaire in scam fight

March 25, 2024 | msn.com

Australia consumer sentiment weakens in March- Westpac

March 25, 2024 | au.finance.yahoo.com

Westpac’s ‘first-of-its-kind’ crackdown on scammers

March 25, 2024 | reuters.com

Westpac CEO says he is positive on Australia's housing market

March 20, 2024 | msn.com

Broome business owner delighted after Westpac refunds $12,500 drained from stolen phone

March 18, 2024 | msn.com

Westpac joins rivals in offering gambling block for debit, credit cards

March 13, 2024 | msn.com

Westpac left remote town with 700km trip to the bank

March 10, 2024 | afr.com

Untangling KPMG’s excruciating closeness to Westpac

March 8, 2024 | afr.com

Westpac ditches PwC for KPMG

March 7, 2024 | au.finance.yahoo.com

Westpac customer’s warning after duped by 'Netflix email'

March 7, 2024 | afr.com

Westpac launches back-to-work program to get more women into tech

March 3, 2024 | msn.com

ASB drops mortgage rates, follows Westpac and BNZ

February 29, 2024 | au.finance.yahoo.com

Westpac slammed over 132 job cuts, roles offshored: ‘Forget loyalty’

February 28, 2024 | msn.com

Australia's Westpac cuts 132 jobs across divisions, says trade union

February 28, 2024 | reuters.com

Westpac cuts 132 jobs across divisions, says trade union

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Company Calendar

Today: 4/15/2024
Fiscal Year End: 9/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Commercial Banks
Sub-Industry: N/A
Current Symbol: NYSE:WBK
CUSIP: N/A
CIK: 719245
Web: www.westpac.com.au
Phone: (129) 155-7713
Fax: 61-2-8253-1207
Employees: 36,849
Year Founded: 1817

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 10.76
Forward P/E Ratio: 12.03
P/E Growth: 1.24
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 2.19
Current Ratio: 1.16
Quick Ratio: 1.16

Sales & Book Value

Annual Sales: $24.66 billion
Price / Sales: 2.11
Cash Flow: $2.00 per share
Price / Cash Flow: 7.09
Book Value: $14.78 per share
Price / Book: 0.96

Miscellaneous

Outstanding Shares: 3,668,592,000
Free Float: N/A
Market Cap: $52.09 billion
Optionable: Not Optionable
Beta: 1.00

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Key Executives

Peter Francis King
Chief Executive Officer, MD & Director
Scott Collary
Chief Operating Officer
Michael Rowland
Chief Financial Officer
Leslie Wilson Vance
Group Executive-Financial Crime & Compliance
David Alexander McLean
Chief Executive Officer-Westpac New Zealand

Key Competitors

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Should I Buy Westpac Banking Stock? WBK Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Westpac Banking Co.:

Westpac Banking Co. has a strong presence in various segments including consumer banking, business banking, wealth management, and institutional banking, providing diversified revenue streams.
David Alexander McLean, the Chief Executive Officer of Westpac New Zealand, has a long history of experience in the banking sector, which brings stability and expertise to the leadership.
Recent developments in the company's technology infrastructure have enhanced customer service and operational efficiency, potentially leading to improved financial performance.
The stock price of Westpac Banking Co. has shown resilience and potential for growth in recent periods, indicating positive investor sentiment.
Westpac Banking Co.'s focus on innovation and digital transformation aligns with the evolving trends in the banking industry, positioning the company for future growth.

Cons

Investors should be bearish about investing in Westpac Banking Co. for these reasons:

Uncertainties in the global economic environment could impact the financial performance of Westpac Banking Co., leading to potential risks for investors.
Regulatory changes in the banking sector may increase compliance costs for Westpac Banking Co., affecting profitability and shareholder returns.
Intense competition in the banking industry could put pressure on Westpac Banking Co.'s market share and margins, impacting its long-term growth prospects.
Geopolitical events and market volatility may introduce instability in the financial markets, affecting the overall performance of Westpac Banking Co.
Changes in interest rates and monetary policies could influence the borrowing and lending activities of Westpac Banking Co., impacting its net interest margins and profitability.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Westpac Banking pros and cons to contact@marketbeat.com.

WBK Stock Analysis - Frequently Asked Questions

Is Westpac Banking a good dividend stock?: Westpac Banking (NYSE:WBK) pays an annual dividend of $0.84 per share and currently has a dividend yield of 5.86%. WBK has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 63.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WBK will have a dividend payout ratio of 63.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WBK.
What is Brian Hartzer's approval rating as Westpac Banking's CEO?: 488 employees have rated Westpac Banking Chief Executive Officer Brian Hartzer on Glassdoor.com. Brian Hartzer has an approval rating of 84% among the company's employees.
What other stocks do shareholders of Westpac Banking own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Westpac Banking investors own include Intelsat (I), Bank of America (BAC), Fossil Group (FOSL), AMC Entertainment (AMC), Associated British Foods (ABF), Chaarat Gold (CGH), Apollo Global Management (APO), First Data (FDC), China Unicom (Hong Kong) (CHU) and Ciena (CIEN).

This page (NYSE:WBK) was last updated on 4/16/2024 by MarketBeat.com Staff

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Westpac Banking (WBK) Stock Price, News & Analysis

About Westpac Banking Stock (NYSE:WBK)

WBK Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Profitability

Debt

Sales & Book Value

Miscellaneous

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Key Executives

Key Competitors

Should I Buy Westpac Banking Stock? WBK Pros and Cons Explained

Pros

Cons

WBK Stock Analysis - Frequently Asked Questions

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