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An update from Westpac Banking ( (AU:WBC) ) is now available.
Westpac Banking Corporation has announced a quarterly distribution for its Westpac Capital Notes 10 (ASX: WBCPM), a perpetual, non-cumulative, floating-rate hybrid security linked to the three-month BBSW. The distribution amount is set at AUD 1.3079 per note, fully franked, for the period from 23 March 2026 to 22 June 2026, with an ex-date of 11 June, record date of 12 June, and payment on 22 June 2026.
The distribution rate for this period is 5.1891% per annum, derived from a three-month BBSW of 4.3130% plus a 3.10% margin, adjusted for a 30% tax rate in line with the product’s terms. This announcement confirms an ongoing income stream to holders of WCN 10 and underscores Westpac’s continued use of capital notes as part of its funding and capital management strategy, which is important for both income investors and the bank’s regulatory capital position.
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 groups, providing retail, business, and institutional banking, as well as wealth management products. Listed on the ASX under the code WBC, it raises regulatory and growth capital through hybrid instruments such as Westpac Capital Notes, which appeal to income-focused investors in the Australian market.
Average Trading Volume: 4,268,115
Technical Sentiment Signal: Buy
Current Market Cap: A$137.8B
For an in-depth examination of WBC stock, go to TipRanks’ Overview page.