Westpac Banking (ASX:WBC) Stock Passes Below 50 Day Moving Average of $27.99
Westpac Banking Corp (ASX:WBC)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $27.99 and traded as low as $27.44. Westpac Banking shares last traded at $27.58, with a volume of 5,660,502 shares changing hands.
The company’s 50 day simple moving average is A$27.98. The stock has a market cap of $94.90 billion and a P/E ratio of 13.80.
The company also recently announced a Interim dividend, which was paid on Monday, June 24th. Stockholders of record on Monday, June 24th were paid a $0.94 dividend. The ex-dividend date was Thursday, May 16th. This represents a dividend yield of 3.47%. Westpac Banking’s dividend payout ratio is presently 94.09%.
Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business one, community solutions one, not-for-profit savings, and foreign currency accounts; term and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, insurance premium, corporate and structured finance, and trade and supply chain financing services.
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