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Westpac lifts buyback, pays special dividend as profit slips amid tight mortgage market

Pelican Press

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Westpac lifts buyback, pays special dividend as profit slips amid tight mortgage market

Westpac has increased its buyback program and handed investors a special dividend, helping to offset first-half profit that met analyst expectations as competition in mortgages weighed on the *********** lender’s key consumer business.

Net income fell 16 per cent to $3.3 billion from the previous year in the six months ending March 31, the bank said in a statement on Monday.





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#Westpac #lifts #buyback #pays #special #dividend #profit #slips #tight #mortgage #market

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