Tue Sep 24 04:20:50 UTC 2024: ## Wesfarmers Limited (WFAFY) Stock Dips Slightly, Declares Increased Dividend

**Sydney, Australia – September 24, 2024** – Wesfarmers Limited (OTCMKTS:WFAFY), the Australian retail giant, saw a minor dip in its share price on Monday, closing at $23.92, down 0.1% from the previous day’s close.

The stock traded a total of 19,358 shares, representing a 12% decrease from the average daily volume.

However, the company announced a positive development with an increased dividend payout. Investors of record on September 9th will receive a dividend of $0.3133 per share, a significant increase from the previous dividend of $0.26. This payment is scheduled for October 24th.

The company’s dividend payout ratio currently stands at 37.01%.

Wesfarmers operates a diverse retail portfolio, including home improvement, lifestyle, and outdoor living products, as well as apparel, general merchandise, office supplies, and more. The company has a strong presence in Australia, New Zealand, and internationally.

**Disclaimer:** This news article is based on publicly available information and does not constitute financial advice.

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