It's a great day to own Westpac shares! Here's why

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It's a great day to own Westpac shares! Here's why

MotleyFool2023-12-19

Owners of Westpac Banking Corp (ASX: WBC) shares are in for some extra Christmas cheer on Tuesday. That's because the ASX big four bank's dividend is being paid to investors today. It's a fairly large...

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Wmduvenage
·2023-12-20
I have not received my dividend payout??
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It's a fairly large...</p>\n\n<a href=\"https://www.fool.com.au/2023/12/19/its-a-great-day-to-own-westpac-shares-heres-why/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>It's a great day to own Westpac shares! 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It's a fairly large...</p>\n\n<a href=\"https://www.fool.com.au/2023/12/19/its-a-great-day-to-own-westpac-shares-heres-why/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WBC.AU","symbol_name":"WESTPAC BANKING CORPORATION","start_time":0,"source_url":"https://www.fool.com.au/2023/12/19/its-a-great-day-to-own-westpac-shares-heres-why/","article_id":"2392745914","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2392745914","pubTimestamp":1702941904,"columns":[],"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"Owners of Westpac Banking Corp  shares are in for some extra Christmas cheer on Tuesday. That's because the ASX big four bank's dividend is being paid to investors today. It's a fairly large payout, which is pleasingly coming right before Christmas. In this article, you can learn all about the payment.This dividend that's being paid is the final dividend payment of the 2023 financial year.Some investors may have opted to re-invest their dividends via the dividend reinvestment plan . These DRP shares are priced at $21.27, which is a discounted price compared to the current Westpac share price of $22.48.At the current Westpac share price, the incoming dividend represents a dividend yield of 3.2% or 4.6% grossed-up. That's a sizeable yield for just one payment.At the current Westpac share price, it's valued at around 12.5x FY24's estimated earnings. That's still a relatively low price/earnings (P/E) ratio considering the double-digit profit decline that is being forecast.Compared to the s","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"WBC.AU":"WESTPAC BANKING CORPORATION","BK7135":"综合性银行","BK7511":"ESG概念"},"translate_title":"今天是拥有西太平洋银行股票的好日子！原因如下","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WBC.AU":1},"content_text":"Owners of Westpac Banking Corp (ASX: WBC) shares are in for some extra Christmas cheer on Tuesday. That's because the ASX big four bank's dividend is being paid to investors today. It's a fairly large payout, which is pleasingly coming right before Christmas. In this article, you can learn all about the payment.\nThis dividend that's being paid is the final dividend payment of the 2023 financial year.\nWestpac dividend\nWestpac shareholders are getting a dividend payment of 72 cents per share. That's a fully franked payment, so investors get the full benefit of franking credits as well.\nSome investors may have opted to re-invest their dividends via the dividend reinvestment plan (DRP). These DRP shares are priced at $21.27, which is a discounted price compared to the current Westpac share price of $22.48.\nAt the current Westpac share price, the incoming dividend represents a dividend yield of 3.2% or 4.6% grossed-up. That's a sizeable yield for just one payment.\nThis half-year payment brings the full-year dividend to $1.42 per share, an increase of 14% compared to FY22. The payout came after the ASX bank share delivered a 28% increase in the earnings per share (EPS) to $2.05.\nCan the payout keep increasing?\nThe projection on Commsec certainly suggests so – the annual dividend per share is projected to increase slightly to $1.435, which would be a grossed-up dividend yield of 9.1%.\nHowever, the EPS for FY24 is projected to decline to $1.80 per share amid the competitive banking scene and possibly higher arrears due to higher interest rates.\nAt the current Westpac share price, it's valued at around 12.5x FY24's estimated earnings. That's still a relatively low price/earnings (P/E) ratio considering the double-digit profit decline that is being forecast.\nUltimately, the Westpac dividend and share price are going to be influenced by what profit the ASX bank share is making, so what happens in the subsequent years with earnings could be key.\nWestpac share price snapshot\nCompared to the start of 2023, Westpac shares are almost exactly where they were at the start of the year.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":254034681225408,"gmtCreate":1703057014597,"gmtModify":1703064479970,"author":{"id":"4158102776835422","authorId":"4158102776835422","name":"Wmduvenage","avatar":"https://community-static.tradeup.com/news/152d465a5b56a09f044960f3170a2303","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"4158102776835422","idStr":"4158102776835422"},"htmlText":"I have not received my dividend payout??","listText":"I have not received my dividend payout??","text":"I have not received my dividend payout??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254034681225408","repostId":2392745914,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":0,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}