In the last three months the Westpac Banking Corp (ASX: WBC) share price has fallen over 13%.
The catalyst for this decline was the Federal Government's decision to introduce a levy on the big banks.
Whilst this has led many to speculate that Australia's oldest bank will have to cut its dividend in the future, if it maintains its current pay out then investors can look forward to a fully franked 6.2% dividend over the next 12 months.
When do you need to invest to receive it?
Investors have plenty of time to prepare for the next dividend. The next pay out available to investors is its final dividend. Traditionally it goes ex-dividend in mid-November, to be paid to shareholders just before Christmas.
After which, the next dividend is of course its interim dividend which goes ex-div early in May, before being paid to shareholders in July.
