Why is the Westpac share price sinking today?
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The Westpac Banking Corp (ASX: WBC) share price is falling on Thursday morning.
In early trade, the banking giant’s shares are down a disappointing 2.5% to $31.46.
Why is the Westpac share price falling?
The weakness in the bank’s share price today could actually be classed as good news for its shareholders.
That’s because the Westpac share price is underperforming today in response to trading ex-dividend for the big four bank’s upcoming final dividend payment. This means that pay day is just around the corner for its shareholders.
What is ex-dividend?
When a company’s shares go ex-dividend, it means that the rights to an upcoming dividend payment are now locked in. As a result, any investors that are…
