Peter King Buys 93,567 Shares of Westpac Banking Co. (ASX:WBC) Stock

Westpac Banking Co. (ASX:WBC) insider Peter King bought 93,567 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were acquired 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 announced a Final dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Wednesday, November 6th. This is a positive change from Westpac Banking’s previous Final dividend of $0.72. This represents a yield of 2.38%. Westpac Banking’s dividend payout ratio is presently 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.