Westpac Banking Co. (ASX:WBC) Insider Buys A$3,018,471.42 in Stock

Westpac Banking Co. (ASX:WBC) insider Peter King acquired 93,567 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was purchased at an average cost of A$32.26 ($21.22) per share, with a total value of A$3,018,471.42 ($1,985,836.46).

Westpac Banking Stock Performance

Westpac Banking Increases Dividend

The business also recently disclosed a Final dividend, which will be paid on Wednesday, December 18th. Shareholders of record on Wednesday, December 18th will be given a dividend of $0.76 per share. The ex-dividend date of this dividend is Wednesday, November 6th. This is an increase from Westpac Banking’s previous Final dividend of $0.72. This represents a yield of 2.38%. Westpac Banking’s dividend payout ratio (DPR) is 83.80%.

Westpac Banking Company Profile

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. The company operates through Consumer, Business, Consumer and Business Banking, Westpac Institutional Bank, Specialist Businesses, and Westpac New Zealand segments. It offers savings, term deposit, business transaction, not-for-profit transaction, foreign currency, farm management deposit, project and retention trust, and statutory trust accounts; home, personal, business, and commercial loans; car and equipment finance; business overdrafts and bank guarantees; debit and credit cards; international and travel services; share trading services; investment products; and home, car, travel, life, caravan and trailer, credit card and loan repayment, boat, and business insurance products.