Westpac Dividend Dates 2023 | 2022 | 2021

A Comprehensive Guide to the Westpac Dividend: FY23 Highlights and Future Prospects

Investors holding Westpac Banking Corp (ASX: WBC) shares are eagerly anticipating their FY23 final dividend payment following the release of the bank’s FY23 report.

The bank experienced a successful period, reporting a remarkable 26% increase in net profit after tax (NPAT) to $7.2 billion. Contributing to this success, the net interest margin (NIM) saw a 2 basis points (0.02%) improvement to 1.95% in the higher interest rate environment, and loans increased by 5% to $773 billion.

Westpac’s Dividend Growth:

In a positive move, the Westpac board declared a final dividend of 72 cents per share, marking a substantial 12.5% increase compared to the FY22 final dividend. This decision brought the full-year dividend to $1.42 per share, reflecting a notable 14% increase from the prior corresponding period.

Westpac also reported a significant growth in earnings per share (EPS) by 28% to $2.05, resulting in a dividend payout ratio of approximately 69%. Additionally, the bank announced a $1.5 billion share buyback, enhancing the return to shareholders from the excess capital on its balance sheet.

Understanding the Dividend Yield:

The dividend yield is influenced by both the size of the dividend and the share price. With the current Westpac share price just over $22, the annual $1.42 dividend per share payout translates to a cash dividend yield of 6.4% and a grossed-up dividend yield of 9.1%.

Even in the face of a higher interest rate environment, Westpac shares continue to offer a more attractive yield compared to available term deposits.

Dividend Payment Timeline:

Westpac shares will go ex-dividend on November 9, 2023, giving investors until the end of trading on November 8, 2023, to invest in the ASX bank share and be entitled to the upcoming dividend. The payment date is set for December 19, 2023, less than a month and a half away, when owners of Westpac shares will receive their dividend.

For those interested in the dividend reinvestment plan (DRP), where new shares are received instead of a cash payment, the DRP election date cut-off is November 13, 2023, at 5 pm.

Westpac Share Price Snapshot:

Since the beginning of 2023, the Westpac share price has experienced a modest decline of over 2%, while the S&P/ASX 200 Index (ASX: XJO) has risen by 0.8%.

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Westpac is Australia’s first and oldest bank, one of four major banking organisations in Australia, and one of New Zealand’s largest banks. Through a portfolio of financial services brands and businesses, Westpac offers a wide range of consumer, business, and institutional banking and wealth management services. The company was founded in 1817 as the Bank of New South Wales and changed its name to Westpac Banking Corporation in 1982. For over 200 years, we have played an important role in Australia’s economic and social fabric. This post will go over Westpac dividend dates 2022 and WBC dividend history.

Westpac Dividend Dates 2022 | Westpac Dividend Dates 2021
Westpac Dividend Dates 2022

Westpac Dividend Dates 2022

SectorMarket Cap
($m)
Distribution TypeDividendFrankingEx-dividend datePayment dateCurrent PricePrice
7D Avg
Dividend
Yield
Financials$74,504Result61ยข100%19 May 202224 Jun 2022$21.280$21.8005.69%
Financials$74,504H F Result60ยข100%5 Nov 202121 Dec 2021$21.280$21.8005.69%
Financials$74,504Result58ยข100%13 May 202125 Jun 2021$21.280$21.8005.69%
Financials$74,504H F Result31ยข100%11 Nov 202018 Dec 2020$21.280$21.8005.69%
Financials$74,504H F Result80ยข100%12 Nov 201920 Dec 2019$21.280$21.8005.69%
Financials$74,504Result94ยข100%16 May 201924 Jun 2019$21.280$21.8005.69%
Financials$74,504H F Result94ยข100%13 Nov 201820 Dec 2018$21.280$21.8005.69%
Financials$74,504Result94ยข100%17 May 20184 Jul 2018$21.280$21.8005.69%
Financials$74,504H F Result94ยข100%13 Nov 201722 Dec 2017$21.280$21.8005.69%
Financials$74,504Result94ยข100%18 May 20174 Jul 2017$21.280$21.8005.69%
Financials$74,504H F Result94ยข100%14 Nov 201621 Dec 2016$21.280$21.8005.69%
Financials$74,504Result94ยข100%12 May 20164 Jul 2016$21.280$21.8005.69%
Financials$74,504H F Result94ยข100%11 Nov 201521 Dec 2015$21.280$21.8005.69%
Financials$74,504Result93ยข100%13 May 20152 Jul 2015$21.280$21.8005.69%
Financials$74,504H F Result92ยข100%10 Nov 201419 Dec 2014$21.280$21.8005.69%
Financials$74,504Result90ยข100%14 May 20142 Jul 2014$21.280$21.8005.69%
Financials$74,504Final98ยข100%8 Nov 201319 Dec 2013$21.280$21.8005.69%
Financials$74,504Interim96ยข100%13 May 20132 Jul 2013$21.280$21.8005.69%
Financials$74,504Final84ยข100%9 Nov 201220 Dec 2012$21.280$21.8005.69%
Financials$74,504Interim82ยข100%14 May 20122 Jul 2012$21.280$21.8005.69%
Financials$74,504Final80ยข100%7 Nov 201119 Dec 2011$21.280$21.8005.69%
Financials$74,504Interim76ยข100%16 May 20114 Jul 2011$21.280$21.8005.69%
Financials$74,504Final74ยข100%8 Nov 201020 Dec 2010$21.280$21.8005.69%
Financials$74,504Interim65ยข100%17 May 20102 Jul 2010$21.280$21.8005.69%
Financials$74,504Final60ยข100%9 Nov 200921 Dec 2009$21.280$21.8005.69%
WBC dividend dates 2022 | Westpac Banking Corporation (WBC) dividends

Summary of Westpac dividends

The following are examples: Westpac Banking Corp’s dividend is timetabled to be reported in 2 months and paid in 4 months.

The most latest Westpac Banking Corp dividend was 61c, which went ex 3 months ago and was paid 2 months ago.

Except for special dividends, there are usually two dividends paid each year, with a profit cover of around 1.0.

Ex-dividend date of Westpac (WBC) 2022

Financial Half Year end31 March 2022
Interim results and dividend announcement9 May 2022
The ex-dividend date for the interim dividend19 May 2022
The record date for the interim dividend20 May 2022
Interim dividend payable24 June 2022
June Pillar 3 to be released 15 August 2022
Financial Year end30 September 2022
Closing date for receipt of director nominations before Annual General Meeting26 October 2022
Final results and dividend announcement7 November 2022
Ex-dividend date for final dividend17 November 2022
Record date for final dividend18 November 2022
Annual General Meeting14 December 20221
Final dividend payable 20 December 2022
Westpac Ordinary Shares (ASX code: WBC) | Ex-dividend date 2022 for Westpac (WBC)

WBC Basic Information

ASX CodeWBC
Websitehttp://www.westpac.com.au
GICS Sub-IndustryDiversified Banks
Market Cap ($M)74,503
WBC Share Price $21.280
Day High$21.450
Day Low$21.280
Last Close$21.270
WBC Share Price Movement$0.01 (  0.05% )
Westpac investor and general information

WBC dividend dates

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