Stock Buy - WBK (50 shares, $72 dividend income)

Westpac Banking Corporation (NYSE: WBK) aka Westpac, is an Australian bank and financial-services provider headquartered in Westpac Place, Sydney. It is one of Australia's "big four" banks.

As of November 2015, Westpac has 13.1 million customers, and is Australia's largest branch network, with 1429 branches and a network of 3850 ATMs. The bank is Australia's second-largest bank by assets. It is also the second-largest bank in New Zealand. (src: https://en.wikipedia.org/wiki/Westpac)

The US Federal Reserve is currently hiking interest rates and it will be a matter of time before worldwide central banks will follow. I believe strong financial institutions like big banks such as  Westpac will benefit and thrive in this environment. Plus asian middle class immigration is booming there as well. I'm following the smell of money down under :))

This purchase will add $72 annual dividend income to my dividend stock portfolio

Basic info:

Market CAP: 74B   EPS:$1.73   Dividend: $1.44 (6.5%)