- Australian regulators have recently removed the cap on dividends for banks, and Westpac currently offers consensus forward FY 2021 and FY 2022 dividend yields of 4.4% and 5.3%, respectively.
- Westpac's focus on divesting non-core businesses supports the case with regard to further upside for its future dividend payouts.
- Westpac reached a settlement with regulators to pay a A$1.3 billion fine, which partially removes the overhang for the company with respect to its past anti-money laundering breaches.
- Westpac trades at 1.1 times P/B and 14.4 times consensus forward FY 2021 P/E.
For further details see:
Westpac Banking: Upside To Future Dividends