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Wesfarmers Limited ( (AU:WES) ) has shared an update.
Wesfarmers Limited announced a proposed capital management initiative, offering a distribution of $1.50 per share, subject to shareholder approval at the 2025 Annual General Meeting. The initiative, resulting from asset sales, reflects the company’s strong balance sheet and commitment to shareholder returns, with an expected total distribution of approximately $1.7 billion.
The most recent analyst rating on (AU:WES) stock is a Hold with a A$84.00 price target. To see the full list of analyst forecasts on Wesfarmers Limited stock, see the AU:WES Stock Forecast page.
More about Wesfarmers Limited
Wesfarmers Limited is a diversified Australian conglomerate with interests spanning retail, chemicals, fertilizers, industrial and safety products, and coal. The company is known for its focus on providing satisfactory returns to shareholders and efficient capital management.
Average Trading Volume: 1,447,691
Technical Sentiment Signal: Buy
Current Market Cap: A$103.7B
For detailed information about WES stock, go to TipRanks’ Stock Analysis page.