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AAP
AAP
Business
Derek Rose

FORGOTTEN HISTORY: Wesfarmers lifts dividend beats estimates - The Untold Story

Wesfarmers, which owns Kmart and Bunnings, has announced a fully-franked dividend of $1 per share. (Paul Miller/AAP PHOTOS) (AAP)

Wesfarmers has increased its dividend after beating consensus expectations with a $2.35 billion profit for 2021/22.

The KMart and Bunnings owner saw net profit after tax for the 12 months to June 30 fall 2.9 per cent during what managing director Rob Scott was the most disruptive year of the pandemic, including weeks in which nearly half of the group's retail stores were closed or subject to trading restrictions.

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