Westpac Banking Corp (ASX: WBC) Share Price and News





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Westpac Banking Corp Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $77.45 billion
P/E Ratio 12.45
Dividend Yield 6.17%
Shares Outstanding 3.50 billion
Earnings per share 1.744
Dividend per share 1.40
Year To Date Return -4.03%
Earnings Yield 8.03%
Franking 100%
Share Price

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as at 24 Feb 3:44pm

  • Westpac Banking Corp (ASX: WBC)
    Latest News

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    What’s the outlook for the Westpac share price in August?

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    Frequently Asked Questions

    Westpac traditionally makes two fully-franked dividend payments to shareholders every year, payable in June and December. Its latest payout is a final dividend of 64 cents, payable in December 2022. 

    Yes. Westpac’s DRP allows eligible shareholders to reinvest some or all of their dividends in additional Westpac ordinary shares with no transaction costs.

    Westpac listed on the Australian Stock Exchange in July 1970.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    11 May 2023 $0.7000 100.00% Interim 27 Jun 2023
    17 Nov 2022 $0.6400 100.00% Final 20 Dec 2022
    19 May 2022 $0.6100 100.00% Interim 24 Jun 2022
    05 Nov 2021 $0.6000 100.00% Final 21 Dec 2021
    13 May 2021 $0.5800 100.00% Interim 25 Jun 2021
    11 Nov 2020 $0.3100 100.00% Final 18 Dec 2020
    12 Nov 2019 $0.8000 100.00% Final 20 Dec 2019
    16 May 2019 $0.9400 100.00% Interim 24 Jun 2019
    13 Nov 2018 $0.9400 100.00% Final 20 Dec 2018
    17 May 2018 $0.9400 100.00% Interim 04 Jul 2018
    13 Nov 2017 $0.9400 100.00% Final 22 Dec 2017
    18 May 2017 $0.0000 100.00% Interim 04 Jul 2017
    14 Nov 2016 $0.9400 100.00% Final 21 Dec 2016
    12 May 2016 $0.9400 100.00% Interim 04 Jul 2016
    11 Nov 2015 $0.9400 100.00% Final 21 Dec 2015
    14 May 2014 $0.9000 100.00% Interim 02 Jul 2014
    13 May 2013 $0.1000 100.00% Special Cash 02 Jul 2013
    13 May 2013 $0.8600 100.00% Interim 02 Jul 2013
    14 May 2012 $0.8200 100.00% Interim 02 Jul 2012
    16 May 2011 $0.7600 100.00% Interim 04 Jul 2011
    18 May 2009 $0.5600 100.00% Interim 02 Jul 2009
    05 Nov 2008 $0.7200 100.00% Final 17 Dec 2008
    19 May 2008 $0.7000 100.00% Interim 02 Jul 2008
    07 Nov 2007 $0.6800 100.00% Final 18 Dec 2007
    17 May 2007 $0.6300 100.00% Interim 02 Jul 2007
    16 Nov 2006 $0.6000 100.00% Final 13 Dec 2006
    01 Jun 2006 $0.5600 100.00% Interim 03 Jul 2006
    17 Nov 2005 $0.5100 100.00% Final 14 Dec 2005
    04 Jun 2004 $0.4200 100.00% Interim 02 Jul 2004
    20 Nov 2003 $0.4000 100.00% Final 19 Dec 2003

    WBC ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size

    About Westpac Banking Corp

    Westpac Banking Corp (ASX: WBC) is Australia's oldest banking and financial services group, with operations throughout Australia, New Zealand and the near Pacific region, as well as offices in key financial centres around the world, including London, New York, Hong Kong and Singapore.

    Established in 1817 as the Bank of New South Wales, the company changed its name to Westpac Banking Corporation in 1982 and is one of Australia’s 'big four' banks regarding market capitalisation, earnings, and customers. Westpac is also one of the largest listed companies on the ASX.

    Westpac provides a broad range of consumer, business and institutional banking and wealth management services.

    Its portfolio of brands comprises Westpac, St.George, Bank of Melbourne, BankSA, BT and RAMS.

    Its business portfolio comprises six key divisions: Consumer, Business, Westpac Institutional Bank,  Westpac New Zealand, Group Businesses, and Specialist Businesses.

    The Westpac share price slumped during the Covid-19 pandemic in 2020 but has since mounted a recovery, along with many other ASX shares.

    WBC Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    09 Aug 2023 $22.07 $0.36 1.66% 5,699,945 $21.92 $22.15 $21.81
    08 Aug 2023 $21.71 $-0.12 -0.55% 4,714,523 $21.92 $21.98 $21.71
    07 Aug 2023 $21.83 $-0.15 -0.68% 4,454,518 $21.89 $21.90 $21.75
    04 Aug 2023 $21.98 $0.08 0.37% 4,499,946 $21.93 $22.13 $21.89
    03 Aug 2023 $21.90 $-0.08 -0.36% 4,430,064 $21.91 $21.96 $21.74
    02 Aug 2023 $21.98 $-0.45 -2.01% 5,039,005 $22.27 $22.31 $21.91
    01 Aug 2023 $22.43 $0.09 0.40% 4,488,804 $22.22 $22.50 $22.20
    31 Jul 2023 $22.34 $0.06 0.27% 4,036,192 $22.24 $22.36 $22.22
    28 Jul 2023 $22.28 $-0.07 -0.31% 3,787,244 $22.23 $22.33 $22.10
    27 Jul 2023 $22.35 $0.26 1.18% 6,546,579 $22.30 $22.44 $22.20
    26 Jul 2023 $22.09 $0.36 1.66% 4,854,050 $21.73 $22.10 $21.69
    25 Jul 2023 $21.73 $-0.23 -1.05% 4,352,796 $21.95 $21.95 $21.63
    24 Jul 2023 $21.96 $-0.02 -0.09% 7,520,794 $22.08 $22.12 $21.90
    21 Jul 2023 $21.98 $-0.14 -0.63% 7,763,150 $22.20 $22.20 $21.88
    20 Jul 2023 $22.12 $0.06 0.27% 8,130,315 $22.23 $22.44 $21.98
    19 Jul 2023 $22.06 $0.46 2.13% 11,457,723 $21.95 $22.06 $21.81
    18 Jul 2023 $21.60 $0.17 0.79% 5,760,728 $21.56 $21.77 $21.50
    17 Jul 2023 $21.43 $-0.03 -0.14% 5,699,618 $21.47 $21.50 $21.38
    14 Jul 2023 $21.46 $0.00 0.00% 5,446,440 $21.45 $21.55 $21.34
    13 Jul 2023 $21.46 $0.25 1.18% 6,470,149 $21.40 $21.48 $21.31
    12 Jul 2023 $21.21 $0.04 0.19% 4,818,605 $21.30 $21.30 $21.14
    11 Jul 2023 $21.17 $0.33 1.58% 4,634,763 $20.95 $21.17 $20.93

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    27 Jun 2023 Nora Scheinkestel Buy 208 $4,384
    Dividend Reinvestment Plan (DRP).
    27 Jun 2023 Nora Scheinkestel Buy 195 $4,110
    Dividend Reinvestment Plan (DRP).
    27 Jun 2023 Audette Exel Buy 371 $7,820
    Dividend Reinvestment Plan (DRP).
    22 May 2023 Nora Scheinkestel Buy 2 $49,442
    On-market trade.
    20 Dec 2022 Nora Scheinkestel Buy 154 $3,674
    Dividend Reinvestment Plan (DRP).
    20 Dec 2022 Nora Scheinkestel Buy 163 $3,889
    Dividend Reinvestment Plan (DRP).
    20 Dec 2022 Audette Exel Buy 293 $6,990
    Dividend Reinvestment Plan (DRP).
    16 Dec 2022 Peter King Issued 154 $3,605,931
    Issue of securities. 570,644 - Performance Share Rights
    16 Dec 2022 Peter King Issued 41 $966,693
    Issue of securities.
    09 Nov 2022 Nora Scheinkestel Buy 2 $49,491
    On-market trade.
    03 Nov 2022 Peter King Expiry 92 $2,201,776
    As advised by the company. Performance share rights under the LTVR plan lapsed
    due to performance conditions not being met

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Dr Nora Lia Scheinkestel Non-Executive Director Mar 2021
    Dr Scheinkestel is an experienced company director with a background as a senior banking executive in international and project financing. Nora has served as Chairman and Director in a range of companies across various industry sectors and in the public, private and government arena. Previously, Nora was a director of a number of other major ASX listed companies, was formerly a member of the Takeovers Panel and was an Associate Professor in the Melbourne Business School at Melbourne University. In 2003, Nora was awarded a centenary medal for services to Australian society in business leadership.
    Mr John M McFarlane Non-Executive DirectorNon-Executive Chairman Feb 2020
    Mr McFarlane senior figure in global banking and financial services and has 48 years of experience in the sector. He was formerly Chairman of Barclays plc, Aviva plc and FirstGroup plc, and Chairman of The City UK. He was also a Non-executive Director of Westfield Group/Westfield Corporation, The Royal Bank of Scotland Group, Capital Radio plc and was a council member of The London Stock Exchange. John served as Chief Executive Officer of Australia and New Zealand Banking Group Limited from 1997 to 2007, and as Group Executive Director at Standard Chartered. He also held senior positions at Citicorp including as Managing Director of Citicorp Investment Bank Ltd and Head of Citicorp and Citibank in the UK and Ireland. He began his career at Ford Motor Co
    Mr Michael James Ullmer Non-Executive Director Apr 2023
    Mr Ullmer has more than 40 years experience in international banking, finance and professional services. Mr Ullmer is the Chairman of Lendlease Corporation and was formerly a Non-executive Director of Woolworths Limited. Mr Ullmer was previously the Deputy Group Chief Executive Officer of the National Australia Bank (NAB) from 2007 to 2011. He joined NAB in 2004 as Finance Director and held a number of key positions including Chairman of the subsidiaries Great Western Bank (US) and JB Were. Prior to NAB, Mr Ullmer was at Commonwealth Bank of Australia initially as Group Chief Financial Officer and then Group Executive with responsibility for Institutional and Business Banking. Before that, he was a Partner at accounting firms KPMG (1982 to 1992) and Coopers & Lybrand (1992 to 1997).
    Mr Christopher James Lynch Non-Executive Director Sep 2020
    Mr Lynch has experience in mineral resources and infrastructure, having spent over 30 years working in these fields globally. Chris was formerly the Global Chief Financial Officer of Rio Tinto Group, based in London, and an Executive Director. Prior to this, he was a Non-executive Director of Rio Tinto Group. Chris was the Chief Executive Officer of Transurban Group, an international toll road developer and manager with interests in Australia and North America from 2008 to 2012. His executive career also included seven years at BHP Billiton where he was Chief Financial Officer and then Executive Director and Group President - Carbon Steel Materials. Chris spent 20 years with Alcoa Inc. where he held a number of executive positions, including Vice-President and Chief Information Officer based in Pittsburgh, USA and Chief Financial Officer of Alcoa Europe in Switzerland. He was also managing director of KAAL Australia Limited, a joint venture company formed by Alcoa and Kobe Steel. Chris was formerly a Commissioner of the Australian Football League from 2008 until 2014
    Ms Margaret (Margie) Leone Seale Non-Executive Director Mar 2019
    Ms Margie has more than 25 years experience in senior executive roles in Australia and overseas, including in consumer goods, global publishing, sales and marketing, and the successful transition of traditional business models to digital environments. Prior to her non-executive career, Margie was the Managing Director of Random House Australia and New Zealand and President, Asia Development for Random House Inc. Margie was a Director and then Chair of Penguin Random House Australia Pty Limited, and a Director of Ramsay Health Care Limited, Bank of Queensland Limited and the Australian Publishers Association. She also served on the Boards of Chief Executive Women (chairing its Scholarship Committee), the Powerhouse Museum, and the Sydney Writers Festival.
    Ms Audette Evelyn Exel Non-Executive Director Sep 2021
    Ms Exel has more than 35 years experience in the global financial services markets as a senior executive, a non-executive director and as a social entrepreneur. Audette was formerly the Managing Director of BSX-listed Bermuda Commercial Bank (1993-1996), Chair of the Bermuda Stock Exchange (1995-1996) and a Director and Chair of the Investment Committee of the Bermuda Monetary Authority (1999-2005). She was a Director and Chair of the Investment Committee of Steamship Mutual (1999-2017). She began her career as a lawyer specialising in international finance. Audette is the founder and Chair of the Adara Group, a pioneering social enterprise which exists to support people living in extreme poverty and is the Chief Executive Officer of its corporate advice businesses. She is the recipient of numerous awards, including an honorary Order of Australia for service to humanity. Directorships of listed entities over
    Ms Nerida Frances Caesar Non-Executive Director Sep 2017
    Ms Caesar has 34 years of broad ranging commercial and business management experience, with particular depth in technology led businesses. Nerida was Group Managing Director and Chief Executive Officer, Australia and New Zealand, of Equifax (formerly the ASX-listed Veda Group Limited) and was also a former director of Genome. One Pty Ltd and Stone and Chalk Limited. Before joining Equifax, Nerida held several senior management roles at Telstra, including Group Managing Director, Enterprise and Government and Group Managing Director, Wholesale. Nerida also held several Executive and senior management positions with IBM within Australia and internationally, including as Vice President of IBMs Intel Server Division for the Asia Pacific region
    Mr Peter Stanley Nash Non-Executive Director Mar 2018
    Mr Nash was formerly a Senior Partner with KPMG, having been admitted to the Australian partnership in 1993. He served as the National Chairman of KPMG Australia and served on KPMGs Global and Regional Boards. His previous positions with KPMG included Regional Head of Audit for Asia Pacific, National Managing Partner for Audit in Australia and head of KPMG Financial Services. Peter has worked in geographically diverse and complex operating environments providing advice on a range of topics including business strategy, risk management, internal controls, business processes and regulatory change. He has also provided financial and commercial advice to many State and Federal Government business
    Mr Peter Francis King Chief Executive OfficerManaging Director Dec 2019
    Mr King commenced his career at Deloitte Touche Tohmatsu. He is a Director of Australian Banking Association Incorporated and Institute of International Finance. He is a member of the Technology Committee.
    Mr Timothy Martin Burroughs Non-Executive Director Mar 2023
    Mr Burroughs has more than 40 years experience in finance, international banking and mergers and acquisitions. Mr Burroughs was formerly Chairman of Investment Banking at Goldman Sachs Australia, where he worked for 11 years. Prior to this, Tim held senior positions at Merrill Lynch including Chairman of Mergers and Acquisitions. From 1993- 1997, Tim was Principal at Centaurus Corporate Finance, a leading independent advisory firm.
    Mr Timothy (Tim) Hartin General ManagerCompany Secretary Nov 2011
    Catherine McGrath Chief Executive Officer Westpac New Zealand
    Chris de Bruin Chief Executive Consumer & Business Banking
    Scott Collary Chief Executive Customer Service & Technology
    Jason Yetton Chief Executive Specialist Businesses
    Anthony Miller Chief Executive Westpac Institutional Bank
    Michael Rowland Chief Financial Officer
    Ryan Zanin Chief Risk Officer
    Yianna Papanikolaou Chief Transformation Officer
    Timothy (Tim) Hartin General ManagerCompany Secretary
    Carolyn McCann Group Executive Corporate Services
    Christine Parker Group Executive Human Resources
    Shannon Finch Group General Counsel

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    NATIONAL NOMINEES LIMITED 76,818,596 2.19%
    BNP Paribas NOMS Pty Ltd <DRP> 68,407,474 1.95%
    BNP Paribas Nominees Pty Ltd <Agency Lending DRP A/C> 34,465,879 0.98%
    Citicorp Nominees Pty Limited <Colonial First State Inv A/C> 22,951,053 0.66%
    HSBC Custody Nominees (Australia) Limited <NT Comnwlth Super Corp A/C> 22,843,218 0.65%
    Australian Foundation Investment Company Limited 15,545,000 0.44%
    Netwealth Investments Limited <Wrap Services A/C> 15,107,536 0.43%
    BNP Paribas Nominees Pty Ltd HUB24 Custodial Serv Ltd <DRP A/C> 11,059,025 0.32%
    Argo Investments Limited 8,407,648 0.24%
    Australian Executor Trustees Limited <IPS IOOF Employer Super A/C> 4,252,612 0.12%
    Nulis Nominees (Australia) Limited <Navigator Mast Plan Sett A/C> 4,195,012 0.12%
    Navigator Australia Ltd <MLC Investment Sett A/C> 4,133,814 0.12%
    National Nominees Limited <N A/C> 4,048,217 0.12%
    Mutual Trust Pty Ltd 3,821,363 0.11%
    HSBC Custody Nominees (Australia) Limited A/C 2 3,751,233 0.11%
    BNP Paribas NOMS (NZ) Pty Ltd <DRP> 3,533,468 0.10%