Ten Must Own Dividend-Paying Stocks for 2013

4. Westpac Banking Corp.

Symbol: (NYSE:WBK)

Price: $133.61

The Sydney, Australia – based banking and financial services firm has a market cap $83 billion. The company’s 12 trailing months show a revenue of $17.72 billion with a net income of $6.45 billion.

WBK’s average price to earnings ratio (P/E ratio) amounts to 13.07 while the profit and operating margins amount to 36.50 percent and 58.90 percent, respectively. Quarterly earnings growth on a year-over-year basis: 11.40%. Total cash/mrq: $84.32 billion.

Forward annual dividend rate: 9.90, Yield: 7.40%

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