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Westpac Sets March 2026 Distribution for Capital Notes 8

Story Highlights
  • Westpac will pay a fully franked AUD 1.1439 quarterly distribution on its Capital Notes 8.
  • The March 2026 period distribution rate is 4.6393% per annum, reflecting BBSW plus margin and ongoing hybrid capital use.
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Westpac Sets March 2026 Distribution for Capital Notes 8

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

Westpac Banking Corporation has announced a fully franked quarterly distribution on its ASX-listed Westpac Capital Notes 8 (WBCPK), set at AUD 1.1439 per security for the period from 22 December 2025 to 21 March 2026, with an ex-date of 12 March 2026, record date of 13 March 2026, and payment scheduled for 23 March 2026. The distribution rate for this period is 4.6393% per annum, derived from a 3‑month BBSW of 3.7275% plus a 2.90% margin, adjusted for a 30% tax rate, underscoring the ongoing cost of Westpac’s hybrid capital and providing income visibility for noteholders while signaling continued access to and utilisation of hybrid markets as part of the bank’s broader capital management strategy.

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 institutions, providing retail, business and institutional banking, wealth management and related financial products primarily to customers in Australia and New Zealand. The bank is a significant issuer of hybrid regulatory capital securities to wholesale and retail investors via the ASX, using these instruments to manage its capital structure and meet prudential requirements.

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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