Insider Buying: Westpac Banking (ASX:WBC) Insider Acquires A$2,510,069.10 in Stock

Westpac Banking Co. (ASX:WBC) insider Anthony Miller purchased 63,210 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The shares were acquired at an average price of A$39.71 per share, with a total value of A$2,510,069.10.

Westpac Banking Stock Performance

The firm has a market cap of $118.77 billion, a P/E ratio of 17.06, a PEG ratio of 0.82 and a beta of 0.88.

Westpac Banking Announces Dividend

The business also recently disclosed a Final dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 18th will be paid a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a yield of 190.0%. 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.