Westpac

Westpac dividend forecast 2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030

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Westpac dividend forecast

As of 2021, 14 million customers are associated with Westpac worldwide, with 40,000 employees. It is one of the trusted and oldest banking institutions, with a net worth of 935.88 billion AUD.

Statistics of Westpac Banking have demonstrated commendable growth in the past seven years. The success of Westpac is attracting an organic audience, and its consistent growth led Westpac to become an Australian banking giant. Westpac typically gives away dividends twice a year. But the pandemic affected Westpac’s growth and financial statistics too.

Westpac is the portmanteau of “Western” and “Pacific”. Let’s discuss Westpac, its dividend, and the Westpac dividend forecast for the years 2023, 2024, 2025, 2026, 2027, 2028, 2029, and 2030.

What is Westpac?

Westpac is Australia’s one of the four biggest financial banking giants offering services to their clients. Their services expand to individual clients, businesses, non-profits, and wealth management services. In 1817, Westpac was under the name Bank of New South Wales. It acquired the Commercial Bank of Australia in 1981 before being named Westpac Banking Corporation in 1982.

The services that Westpac offers are customer-centric. They add value to clients’ financial status and portfolios. Westpac offers foreign exchange, deposit accounts, loans, credit cards, insurance, and investment options. Westpac also provides online and mobile banking services that allow customers to manage their accounts and conduct financial transactions from anywhere. Further, Westpac also offers its customers access to a network of branches and ATMs across Australia.

Westpac dividend forecast

Westpac’s Dividend.

Westpac banking corporations’ dividends are the most in demand amongst Australian investors.
Westpac has been serving Australian clients for years, and their growth has exponentially increased with time. Because of their consistent success in the market and being a top banking service in Australia, investors prefer them over others.

Westpac is open to investors and regularly gives a portion of its profits to those who have bought its dividend stocks. Westpac provides above-average dividends to its investors, and the good news is they often increase their dividend payments yearly.

Westpac’s dividend forecast shows that investing in Westpac’s dividends is a profitable business, and investors are encouraged to approach Westpac to have a passive income ready in times of need.

Westpac dividend dates 2022

Westpac dividend dates for 2022 were announced on November 7, 2022, and paid on December 20, 2022. The price is 64 percent per share. With Australian franking credits, it will be 100% franked at the tax rate of 30% of the company.

The DRP (Dividend Reinvestment Plan) for the 2022 dividend will operate as follows:
It will be satisfied by issuing its shares with a market price of 23.86 AUD.
Over ten trading days, it was determined and began on November 23, 2022.
There is no discount on the issuing of shares.

Westpac’s dividend dates. (For upcoming years)

Westpac dividend dates for 2022 were November 7, 2022, and paid on December 20, 2022. Westpac’s following dividend dates with payment dates for upcoming years are:

  • For 2023, on May 12, 2023, the payment date is June 27, 2023.
  • For 2024, on May 6, it will be declared; the payment date is June 21, 2024
  • For 2025, May 5 is the declaration date; the payment date is June 20, 2025.
  • For 2026, May 4 is the declaration date; the payment date is June 19, 2026.
  • For 2027, on May 3, the payment date is June 18, 2027.

Westpac dividend forecast

The Westpac Banking Corporation (ASX: WBC) has announced a high spike in its dividend rates. Last year’s rates were 0.64 AUD for Westpac’s dividend.

Westpac’s annual payment is about average for their industry, as the current stock price is 5.2% of the yearly payment.

Westpac has been distributing dividends for the past ten years and is famous for paying a good amount of its profit share from its earnings to shareholders. In the last earning report of Westpac, the data shows the company has delivered 78 percent of its earnings as a payout to the stakeholders. It means Westpac will have no problem paying their last dividend and won’t add pressure to their balance sheet.

Going by the EPS (Earnings Per Share), Westpac’s dividend forecast will rise by 39.0% in the next three years. According to Financial Analysts, the future payout ratio could be 70% which is a comfortable amount to pay the dividend forward.

Westpac’s Dividend Growth

If we look at the financial report of the past five years of Westpac, its EPS has declined to 7.3 percent a year. Growing earnings is one of the factors to consider to analyze the dividend fluctuations in the past.

There is a direct relationship between a decline in the company’s earnings and the low dividend payments, as the profit gets less.

Although Westpac has successfully recovered from the past downfall, and as per analysts, Westpac’s dividend forecast that its earnings will grow in the future, we would remain cautious in our investments with Westpac.

Westpac dividend forecast 2022

Westpac’s announcement of a 64-cent per share dividend, bringing the full-year payout to $1.25 per share, has delighted investors! With Westpac’s current share price at $23.92, those who have invested in the bank are now enjoying a juicy 5.2% yield on their investment – fully franked too. This lucratively appealing return will draw attention from even the pickiest investor, as they can rest assured that this blue-chip stock will provide them with both stability and security.

Westpac dividend forecast 2023

According to Goldman Sachs’ Westpac’s dividend is expected to increase from $1.48 per share in FY 2023, which constitutes an impressive 18.4% jump year-over-year, translating to a favorable 6.2% forward yield so that investors can take advantage. This increase speaks to the bank’s financial stability and will likely buoy its stock price, rewarding those who are savvy enough to invest early on. With such robust dividends, Goldman Sachs is poised to continue affording attractive returns for years.

Westpac dividend forecast 2024

Goldman is confident that Westpac’s current trajectory of success will continue into the year 2024, forecasting a healthy 7.4% increase to $1.59 per share and a fully franked dividend yield of 6.65%. This healthy forecast offers its investors an attractive incentive that should be noticed. Such lucrative returns make it clear why Goldman has earned the trust of shareholders and cemented itself as a preeminent leader in the industry.

Westpac dividend forecast 2025

For FY 2025, Goldman Sachs forecasts a $1.69 per share dividend for shareholders, representing an impressive 6.3% year-on-year increase. Westpac’s current trading price yields a generous 7.1% dividend, making this an attractive prospect for investors. It’s no wonder that Goldman has managed to cultivate such an enviable reputation as the leader in financial services. Westpac Banking has consistently delivered its promises and offered rewarding returns on investment, which deserves recognition.

Westpac dividend forecast 2026

Analysts are optimistic that Westpac Banking will be poised for prosperity in 2026, forecasting a tremendous boost of 187.85% from 2019 in free cash flow to $21.14B and a 104.61% rise in dividend per share to $3.01. Moreover, they anticipate Net income skyrocketing to $6.85B – a prediction that indicates their firm conviction in the potential future success of this banking giant. Despite a 32.18% decrease in dividends from 2019-2020, it is clear that the analysts remain unfazed by such fluctuations, with their expectations growing evermore ambitious over time. This trend speaks volumes about Westpac’s predicted trajectory, reminding us that anything is possible when one looks toward the horizon with hope.

Westpac dividend forecast 2027

Westpac dividend forecast

Analysts predict that Westpac Banking will experience a tremendous rise in free cash flow, increasing by 187.85% from 2019. Moreover, despite the decrease in dividend per share by 32.18%. Forecast of an even more impressive surge in 2026 with a 104.61% increase. The dividend expects to reach $4.14. This robust growth indicates their confident outlook for Net income, which analysts anticipate will jump to $7.89B. These predictions demonstrate the remarkable potential of Westpac banking over the next few years and serve as a reminder that nothing is ever truly set in stone.

Westpac dividend forecast 2028

For 2028, analysts believe that the Net income of Westpac Banking will increase and reach $7.28B. Westpac Banking’s free cash flow has grown by 187.85% from 2019, and analysts predict it will get an impressive $21.58B. Even with the decrease in Westpac banking dividend per share by 32.18 from 2019 to 2020. Analysts expect an increase of remarkable growth of 104.61%. Analysts believe that the dividend per share will reach $3.30 in 2028.

Westpac dividend forecast 2029

Analysts are confident that the coming year will be great for Westpac dividends per share. Despite the dramatic decrease of 32.18% in 2020, analysts predict a strong surge ahead – up to 163.91% and reaching $3.05 per DPS by 2029. This prognostication is based on analysts’ extensive experience analyzing market trends and economic data points. While this projection isn’t guaranteed, do not doubt those with intelligent investments as they can reap the rewards of a steadily-growing portfolio. By recognizing opportunities where others may see adversity, you could position yourself for success soon.

Westpac dividend forecast 2030

Despite a significant downturn in dividends per share (DPS) of 32.18% in the past two years, analysts are confident that 2030 will bring about an even more impressive surge with a per Share rate of 163.91%. – projecting DPS to reach $3.11. This feat is achievable because the Westpac board of directors and management team have optimally implemented strategies to capitalize on current market conditions. All signs point to a prosperous outlook for the coming years, especially when compared to others in the same industry who are not faring. As long as they stay focused, adhere to best practices, and remain diligent, there’s no telling just how high the stock can soar!

Frequently Asked Questions

1. What is a dividend?

A dividend is a payment made by a company to its shareholders, typically on a quarterly basis.

2. How are dividends paid?

Dividends can be paid in cash or in shares of stock.

3. What is the dividend yield?

The dividend yield is the annual dividend payment per share divided by the current stock price per share.

4. What factors influence a company’s dividend policy?

A company’s dividend policy is influenced by a number of factors, including earnings, cash flow, and growth prospects.

5. How can I find information about a company’s dividend history?

You can find information about a company’s dividend history on the company’s website, in annual reports, and on financial websites such as Yahoo Finance or Google Finance.

6. How can I find information about a company’s dividend forecast?

Some financial analysts may provide dividend forecasts for publicly traded companies, which can be found on financial news websites and on the websites of brokerage firms.

7. What is a dividend reinvestment plan (DRIP)?

A dividend reinvestment plan (DRIP) is a program offered by some companies that allows shareholders to automatically reinvest their dividends in additional shares of stock, rather than receiving the dividends in cash.

8. How can I participate in a DRIP?

To participate in a DRIP, you must be a shareholder of the company and typically enroll in the program through the company or through your brokerage firm.

9. Are dividends guaranteed?

Dividends are not guaranteed and can be increased, decreased, or suspended at the discretion of the company’s board of directors.

10. Are dividends taxed?

Yes, dividends are typically considered taxable income for shareholders.

Conclusion

Westpac has built its credibility in the banking industry through its consistent growth rate. With the Westpac dividend forecast, there is no denying that investing in Westpac dividend stock is a successful bet as, capitalizing on current market trends, analysts foresee a bright future for Westpac in the coming years.

Markets are not predictable regarding stock predictions, and losses can occur anytime. So, the dividend payment rates should be taken with a pinch of salt and go in with caution.

Reference Sites

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