Westpac Banking Corporation
WEBNFFinancial Services · Stock · semiannual payer
Forward Yield
4.01%
Annual Dividend
$1.06
Payout Ratio
75%
5-Yr Growth
16.7%
Ex-Date
May 8, 2026
Frequency
Semiannual
Summary
As of July 2026, Westpac Banking Corporation (WEBNF) yields 4.01% ($1.06 per share annually), with a blended fair-value estimate of $38.35 — +45% upside, so it screens as undervalued. Dividend safety grade: C (52/100).
Is WEBNF a good dividend stock?
MixedWestpac Banking Corporation (WEBNF) pays a semiannual dividend yielding 4.01% ($1.06/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 16.7% 5-yr dividend growth
- 44% total price return over 5 years
Risks
- Cut its dividend in 2022
Key Data
- Dividend Yield
- 4.01%
- Payout Ratio
- 75%
- Annual Dividend
- $1.06
- 5-Yr Avg Growth
- 16.7%
- Ex-Dividend Date
- May 8, 2026
- Years of Growth
- 0
- Frequency
- semiannual
- Beta
- 0.73
- Market Cap
- $90.5B
- P/E Ratio
- 18.9
- 5-Yr Total Return
- 44%
- 52-Week Range
- $19.75 – $30.71
- Dividend Safety
- C · 52/100
- Ever Cut?
- Yes (2022)
Frequently Asked Questions
WEBNF Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+90%
5 Years
+44%
52-Week Range
$19.75 – $30.71
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is WEBNF worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Westpac Banking Corporation is $38.35 per share, versus a market price of $26.50. That implies 45% of upside — a margin of safety of about 31%.
Fair Value
$38.35
Current Price
$26.50
Upside
+45%
Margin of Safety
31%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -3.8% annual free-cash-flow growth. We model 5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.9% discount rate (CAPM), 5.0% stage-1 growth, 2.5% terminal growth, $1.40 EPS, $1.06 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
WEBNF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 8, 2025 | — | $0.6980 | regular |
| Nov 7, 2024 | — | $0.7140 | regular |
| May 9, 2024 | — | $0.8460 | regular |
| Nov 9, 2023 | — | $0.6590 | regular |
| May 11, 2023 | — | $0.6780 | regular |
| Nov 17, 2022 | — | $0.6170 | regular |
| May 19, 2022 | — | $0.6070 | regular |
| Nov 5, 2021 | — | $0.6350 | regular |
| May 13, 2021 | — | $0.6400 | regular |
| Nov 11, 2020 | — | $0.3230 | regular |
| Nov 12, 2019 | — | $0.7830 | regular |
| May 16, 2019 | — | $0.9300 | regular |
| Nov 13, 2018 | — | $0.9630 | regular |
| May 17, 2018 | — | $1.0090 | regular |
Income Calculator
At $1.06 / yr per share
