WBC WESTPAC BANKING CORPORATION, page-90

1 July 24 - AFIC, a $9 billion conservative LIC investment company and the oldest on the ASX, give their take on Australian banks:

"AUSTRALIAN BANKS: QUALITY REMAINS AMIDST SHIFTING TIDES

In this article, we share our insights into the key performance factors of each of the three major banks who reported for the period as well as Macquarie Group. We also explore market reactions and offer our investment view on Australia's banking sector."


"Westpac: Maximising shareholder value with special dividend

Westpac also reported a slight 1% decrease in profit growth, however, dividends remained stable. The bank's focus on operational efficiency and capital allocation strategies, such as share buybacks and special dividends, were well received by the market. Westpac's ROE stands at 9.8%, with a Price Book Ratio of 1.3 and a Dividend Yield of 8.5%." - LINK