These long delayed improving dividends would be somewhat higher if not for the ongoing propensity by WBC to pay mammoth fines arising out of the action by the Regulators eg the latest being $1.8m by ASIC for insider trading announced about 7 days ago. Now just 5 years since the release of the latest Banking RC and its findings. The banking sector, especially WBC, all repented and claimed, we are reformed, never happen again. The reformist WBC CEO may well insist this is his idea of reform.
WBC Price at posting:
$24.15 Sentiment: None Disclosure: Held
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