Westpac Banking Co. (ASX:WBC) Raises Dividend to $0.90 Per Share

Westpac Banking Co. (ASX:WBC) announced a interim dividend on Tuesday, May 7th, MarketIndexAU reports. Investors of record on Monday, June 24th will be given a dividend of 0.90 per share on Monday, June 24th. This represents a yield of 3.23%. The ex-dividend date of this dividend is Wednesday, May 8th. This is a boost from Westpac Banking’s previous interim dividend of $0.70.

Westpac Banking Price Performance

Insider Buying and Selling

In other news, insider Peter King 48,806 shares of the company’s stock in a transaction that occurred on Friday, February 9th. 0.86% of the stock is owned by insiders.

About Westpac Banking

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.