Westpac: Result 2013

Westpac has produced another record profit and announced another special dividend against the wishes of the regulator. Revenue for the year ending September increased 4% to $18.6bn, with cash earnings increasing 8% to $7.1bn. Cash earnings per share increased 6% to $2.29, and a final fully franked dividend of 88 cents was declared (ex date 8 Nov), up from 84 cents. That brings the annual total to $1.74, for a yield of 5.1%. Despite regulators recently warning Aussie banks to beef up their balance sheets rather than pay special dividends, Westpac announced another fully franked special dividend of 10...

Westpac has produced another record profit and announced another special dividend against the wishes of the regulator. Revenue for the year ending September increased 4% to $18.6bn, with cash earnings increasing 8% to $7.1bn. Cash earnings per share increased 6% to $2.29, and a final fully franked dividend of 88 cents was declared (ex date 8 Nov), up from 84 cents. That brings the annual total to $1.74, for a yield of 5.1%.

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