Wesfarmers Ltd · Dividends
ASX: WES · Consumer Cyclical · Home Improvement Retail
Dividends per share
Per financial year, as reported in the accounts
Payment record
Totals paid and share of profit distributed
| FY | Per share | Total paid | Payout ratio |
|---|---|---|---|
| FY25 | $2.02 | $2.3B | 78% |
| FY24 | $1.94 | $2.2B | 86% |
| FY23 | $1.88 | $2.1B | 86% |
| FY22 | $1.70 | $1.9B | 82% |
| FY21 | $1.83 | $2.1B | 87% |
| FY20 | $1.53 | $1.7B | 102% |
| FY19 | $3.20 | $3.6B | 187% |
| FY18 | $2.23 | $2.5B | 211% |
| FY17 | $1.77 | $2.0B | 70% |
| FY16 | $2.02 | $2.3B | 558% |
Reading the payout ratio
The payout ratio is the share of net profit returned to shareholders as dividends. A ratio under ~70% generally leaves room to maintain the dividend through a weaker year; a ratio persistently near or above 100% means the company is paying out more than it earns, which is rarely sustainable. Per-share figures here are company-reported annual totals. Check the company's own announcements for franking credits and payment dates.
What is Wesfarmers' (WES) dividend history and payout ratio like?
Wesfarmers has paid a dividend in every year of the reported figures, with the per-share amount moving from $2.02 in FY2016 to a peak of $3.21 in FY2019, then falling to $1.53 in FY2020 before gradually rising again to $1.83, $1.70, $1.88, $1.94 and $2.02 across FY2021 through FY2025.
The payout ratio relative to net income has been volatile, exceeding 100% of earnings in FY2016 (557.7%, against a small $407M profit base), FY2018 (211.2%), FY2019 (187.0%) and FY2020 (102.2%), meaning dividends paid out exceeded reported net income in those years. Since FY2021 the ratio has stayed below 90%, settling at 78.3% in FY2025 against net income of $2.9B, a more conventional coverage level than earlier in the period.
AI-assisted analysis generated from Craytheon's verified financial data · Updated 4 Jul 2026 · How this works
Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.