Dividend deadline arrives for Westpac shares
Don't worry, it's nothing catastrophic. It's merely the ex-dividend date.
This is when the company's shares begin trading without the claim to the next dividend payment. All shareholders on Westpac's share register yesterday will snag the 90 cents per share fully franked dividend, but anyone added to the list today will not.
As usual, the share price is falling to reflect the absent dividend value.
In this case, Westpac's dividend has a grossed-up value of about $1.29 after franking credits. Yesterday's closing price was $27.89. Take the former from the latter, and you end up with $26.60 — roughly in line with the current Westpac share price.
Shareholders can expect this interim dividend to land in their account on 25 June 2024. $Westpac Banking Corp(WBC.AU$
This is when the company's shares begin trading without the claim to the next dividend payment. All shareholders on Westpac's share register yesterday will snag the 90 cents per share fully franked dividend, but anyone added to the list today will not.
As usual, the share price is falling to reflect the absent dividend value.
In this case, Westpac's dividend has a grossed-up value of about $1.29 after franking credits. Yesterday's closing price was $27.89. Take the former from the latter, and you end up with $26.60 — roughly in line with the current Westpac share price.
Shareholders can expect this interim dividend to land in their account on 25 June 2024. $Westpac Banking Corp(WBC.AU$
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