Insider Buying: Westpac Banking Co. (ASX:WBC) Insider Buys 6,615 Shares of Stock

Westpac Banking Co. (ASX:WBC) insider Andy Maguire bought 6,615 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were purchased at an average price of A$32.40 ($20.12) per share, with a total value of A$214,312.77 ($133,113.52).

Westpac Banking Stock Performance

Westpac Banking Increases Dividend

The business also recently declared a Final dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 18th were issued a $0.76 dividend. This is an increase from Westpac Banking’s previous Final dividend of $0.72. This represents a yield of 2.38%. The ex-dividend date was Wednesday, November 6th. Westpac Banking’s dividend payout ratio is currently 83.80%.

Westpac Banking Company Profile

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.