Insider Buying: Westpac Banking Co. (ASX:WBC) Insider Acquires A$214,312.77 in Stock

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

Westpac Banking Price Performance

Westpac Banking Increases Dividend

The company also recently declared a Final dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 18th were issued 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 was Wednesday, November 6th. 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.