Insider Buying: Westpac Banking Co. (ASX:WBC) Insider Purchases A$3,018,471.42 in Stock

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

Westpac Banking Stock 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 given a dividend of $0.76 per share. This is an increase from Westpac Banking’s previous Final dividend of $0.72. The ex-dividend date of this dividend is Wednesday, November 6th. This represents a dividend yield of 2.38%. Westpac Banking’s dividend payout ratio is currently 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.