Westpac [WBC] Announce 2018 Interim Results

Westpac [WBC] Announce 2018 Interim Results

May 7, 2018 1 By incomem

Westpac have announced their interim results for 2018 and have shown strong gains despite the royal commission shaking up the industry.

Here are some highlights of their 2018 results:

  • Cash earnings per share up 4% (125 cents)
  • Cash earnings up 6% ($4,251 million)
  • Statutory net profit increased 7% ($4,198 million)
  • Dividend payout announced for 94 cents per share, fully franked
  • Dividend payment date is the 4th of July 2018 with a record date of the 18th of March 2018

I’m pleased with this result and looking forward to receiving those dividends as a shareholder 🙂

Westpac shares are currently trading at a price of $29.34 AUD as of Monday, May 7 2018. WBC shares have an annual dividend yield of 6.46% and pay fully franked.