Probably it would be better to buy Westpac directly on the ASX. Then you get the benefit of the 30% franking credit ( dividend imputation )WBC. ASX.
I,ve held them since the early 1980 's ,Kerry Packer tried to buy the whole bank in the early 1990,s when they ran into trouble.The government wouldn' t let him.He sold his approx 11% holding to LendLease (LLC. ASX ).
They in turn sold them to fund Blue water near the channel tunnel entrance around 2000.
Packer got in at around $2.80 and sold them 3 or 4 yrs later at around $7.
They are pretty much at a low now ( in my opinion ) having followed the rest of the bank shares down from the highs of April/ May 2015 ( 16 ? ) .They peaked then at around $41, now around $28 ish.
Results come first week roughly in November ,payable 3 rd week in December.I' be done very well out of them using the DRP for 35--36 years.
NAB ASX is better yielding but has been a shocker for capital growth and dividend growth since around 2000 .
Beta shares have a high yielding fund HVST. ASX ( harvester fund,yield is around 12% net which is around 17% gross ,payable monthly).
They started it at pretty much exactly the wrong time,when the 4 banks they depend on were running up to their highs,so that is probably at, or near lows if there is no crash due.