You can unsubscribe at anytime. Go long or short on thousands of international stocks. Westpac Banking Corp (ASXWBC) has announced 3Q20 unaudited cash earnings of $1.32bn and the Board has decided to not declare an interim dividend for 2020. "With Westpac having made the unpopular decision of deferring the dividend, we believe shareholders should now brace for no dividend until December," he says.

The Australian market has a reputation for high levels of dividends. Some material is copyright and published under licence from ASX Operations Pty Ltd ACN 004 523 782. It had already disclosed A$1.43 billion of charges to cover customer-compensation costs and the potential penalty to settle allegations it committed Australia’s biggest breach of anti-money laundering laws, including failing to detect payments linked to child abuse. .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla {background: #fff7c4;} aside section .fool-ecap-id-19.fool-ecap-type-vanilla h3 {font-size: 1.6em;} p.ecap-disclaimer {font-size: 0.6em!important;}div.fool-ecap.fool-ecap-id-19 form {position: relative;text-align: center;margin: .2em 1em;}.fool-ecap.fool-ecap-id-19 p.ecap-disclaimer {margin-left: 0px;} .fool-ecap.fool-ecap-id-19 p.above-email{ margin-bottom: 0px;text-align:center;} div.fool-ecap.fool-ecap-id-19 p {color: #464646;}.fool-ecap-type-vanilla.fool-ecap-id-19 h3 {color: #404040;display: block !important;}.fool-ecap-type-vanilla.fool-ecap-id-19 .ecap-disclaimer{color: #484848 !important;}.fool-ecap-id-19.fool-ecap-type-vanilla h3.title{display:none !important;} .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla{ margin-bottom: 10px;}.fool-ecap-type-vanilla.fool-ecap-id-19 input[type="submit"] { margin: .5rem 0 .5rem !important;}.fool-ecap.fool-ecap-id-19 img {display: inline;}. The 3Q20 NIM of 2.05% is softer than we expected and the key drags on NIM in the quarter were a strong build-up of liquid asset balances, lower cash rate and higher term deposit costs. The Complete Guide to Planning For Your Retirement, Setting up an SMSF: 10 Things You Need to Know Before Starting, 3 easy steps to building your ASX share portfolio for an early retirement, 4 tips on how to pick winning stocks for your retirement share portfolio, This is the best asset to own to start saving for your early retirement, Commonwealth Bank of Australia (ASX: CBA), Flight Centre Travel Group Ltd (ASX: FLT), Vanguard Australian Shares Index (ASX: VAS), Why I just bought this ASX share for the long-term, More royal commission pain: NAB (ASX:NAB) gets a $15 million fine.

Investors may have to wait six months until Westpac's annual results on November 2 to find out if they will be paid a first half dividend. Shane Walton | Financial Writer, Australia | Publication date: 2020-01 …

Learn about investing with our Investing Education hub. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. Our Top 5 Stocks for Investors 50 or Older – NOW AVAILABLE!

National Australia Bank Ltd. and Australia & New Zealand Banking Group Ltd.’s first-half profits both slumped more than 50%. This information is to be used for personal, non-commercial purposes only. He’s a keen tennis fan and can’t wait for the next Australian Open to roll around. But even if you were to assume some positive assumptions, how long would that take? That Westpac interim report was hard to read for shareholders. Listen to Our Podcast We don’t know how much pain there’s going to be for banks yet. Westpac Banking Corp (ASXWBC) has announced 3Q20 unaudited cash earnings of $1.32bn and the Board has decided to not declare an interim dividend for 2020. Dividend uncertainty . NAB’s expected dividend yield also remains strong, currently pegged at 6.57% for FY20. The cuts could hurt the nation's self-funded retirees, many of whom rely heavily on dividends and franking credits from income-paying stocks to fund their retirement, rather than drawing down capital. Looking at the 12-month share price target for the Commonwealth Bank – which currently stands at $75.03 per share – we see that on average analysts expect the stock to decline modestly into 2020. Is the Westpac Banking Corp (ASX: WBC) share price a buy for future dividends at the current price? Sign Up for Take Stock Westpac Banking Corp's (ASX:WBC) Board has decided to not declare an interim dividend for FY20. The stock fell 0.9% in early Sydney trading, taking its decline this year to 37%. © 2020 Morningstar, Inc. All rights reserved. Current as of October 20, 2020 8:44am. In addition to steering the bank through the coronavirus crisis, King, who was appointed permanent CEO a month ago, is also leading efforts to restore the reputation of Australia’s second-biggest bank after the money-laundering scandal cost the previous CEO and chairman their jobs and raised questions about its risk controls. Australian investors are now facing a dividend void as blue chips slash their dividends.