Westpac, Macquarie, NAB: Declining earnings & dividends gone wild

The last few days have been quite rough for some of Australia's biggest banks during reporting season.

With Westpac, NAB and Macquarie all reporting their latest financials, all three banks saw drops of earnings in the double digits.

Westpac: Shareholders got a higher interim dividend of 75 cents a share, up from 70 cents, a special one-off dividend of 15 cents a share, and an extra $1 billion buyback.

NAB: NAB declared an interim dividend of 84c per share, fully franked, and unveiled it would double the share buyback announced last August to $3 billion.

Macquarie: The market was forecasting a final dividend of $3.50 per share for FY 2024, however their final dividend came out to $3.85 per share.