Westpac Banking (ASX:WBC) Shares Up 0.4%

Shares of Westpac Banking Corp (ASX:WBC) shot up 0.4% on Monday . The stock traded as high as A$28.15 ($19.96) and last traded at A$27.98 ($19.84). 4,025,639 shares traded hands during trading, a decline of 26% from the average session volume of 5,410,000 shares. The stock had previously closed at A$27.88 ($19.77).

The stock has a market capitalization of $96.27 billion and a P/E ratio of 14.00. The firm has a fifty day moving average of A$27.47.

The company also recently disclosed a Interim dividend, which will be paid on Monday, June 24th. Stockholders of record on Monday, June 24th will be issued a dividend of $0.94 per share. This represents a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, May 16th. Westpac Banking’s payout ratio is presently 94.09%.

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Westpac Banking Company Profile (ASX:WBC)

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business one, community solutions one, not-for-profit savings, and foreign currency accounts; term and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, insurance premium, corporate and structured finance, and trade and supply chain financing services.

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