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

Westpac Banking Co. (ASX:WBC) insider Peter King acquired 93,567 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were bought at an average price of A$32.26 ($21.22) per share, for a total transaction of A$3,018,471.42 ($1,985,836.46).

Westpac Banking Price Performance

Westpac Banking Increases Dividend

The business also recently disclosed a Final dividend, which will be paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th will be issued a dividend of $0.76 per share. 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 dividend yield of 2.38%. Westpac Banking’s payout ratio is 83.80%.

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.