Australia's Westpac Banking Corp. (WBC.AX,WBK) reported that its profit for first-half of fiscal year 2024 declined to A$3.34 billion or 91.6 cents per share from A$4.00 billion or 107.7 cents per share in the same period last year.
Net interest income for the period was A$9.13 billion compared to A$9.11 billion in the prior year. Total non-interest income was A$1.46 billion down from A$1.89 billion in the previous year.
The company said it will pay a 2024 interim ordinary dividend of 75 cents per share. In addition, it will pay a special dividend of 15 cents per share. Both the interim ordinary dividend and special dividend will be paid on 25 June 2024 to shareholders on the register at the record date of 10 May 2024.
In addition, the previously announced A$1.5 billion share buyback has been increased by a further A$1.0 billion.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.