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An update from Westpac Banking ( (AU:WBC) ) is now available.
Westpac Banking Corporation has announced a quarterly distribution on its Westpac Capital Notes 9 (ASX: WBCPL), a listed hybrid security that pays a variable rate linked to the three‑month bank bill swap rate plus a fixed margin. The notes are perpetual, non‑cumulative, and form part of Westpac’s regulatory capital structure, targeting income‑oriented investors seeking floating‑rate bank hybrid exposure.
For the distribution period from 23 March 2026 to 22 June 2026, Westpac set a fully franked cash distribution of AUD 1.3609 per note, based on a 5.3991% per‑annum distribution rate after tax adjustments. The ex‑distribution date is 11 June 2026, the record date is 12 June 2026, and payment will be made on 22 June 2026, providing clarity on income timing for capital note holders and underlining Westpac’s ongoing servicing of its hybrid capital instruments.
The most recent analyst rating on (AU:WBC) stock is a Sell with a A$34.40 price target. To see the full list of analyst forecasts on Westpac Banking stock, see the AU:WBC Stock Forecast page.
More about Westpac Banking
Westpac Banking Corporation is one of Australia’s major banking and financial services institutions, offering retail and business banking, wealth management and institutional financial products. The bank serves households, small and medium enterprises and large corporate and government clients, with a significant presence in the Australian and New Zealand markets.
Average Trading Volume: 4,268,115
Technical Sentiment Signal: Buy
Current Market Cap: A$137.8B
For a thorough assessment of WBC stock, go to TipRanks’ Stock Analysis page.