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Westpac Sets March 2026 Distribution for Capital Notes 10

Story Highlights
  • Westpac will pay a fully franked AUD 1.1789 per Capital Note 10 on 23 March 2026.
  • The quarterly distribution reflects a 4.7809% annualised rate, reinforcing Westpac’s hybrid capital funding program.
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Westpac Sets March 2026 Distribution for Capital Notes 10

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Westpac Banking ( (AU:WBC) ) has provided an update.

Westpac Banking Corporation has announced a quarterly distribution on its Westpac Capital Notes 10 (ASX code WBCPM), a listed hybrid capital security, with a fully franked cash payment of AUD 1.1789 per note to be paid on 23 March 2026. The distribution, covering the period from 23 December 2025 to 22 March 2026, is based on an annualised distribution rate of 4.7809%, derived from the three‑month BBSW plus a 3.10% margin adjusted for franking, underscoring Westpac’s ongoing access to, and support for, hybrid capital markets and providing income stability for noteholders within the bank’s broader capital management framework.

The most recent analyst rating on (AU:WBC) stock is a Sell with a A$32.20 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 products, along with wealth management and related financial services, primarily focused on the Australian and New Zealand markets.

YTD Price Performance: 26.49%

Average Trading Volume: 4,510,944

Technical Sentiment Signal: Buy

Current Market Cap: A$133.7B

Find detailed analytics on WBC stock on TipRanks’ Stock Analysis page.

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