Wesfarmers Limited
(ASX:WES) may come under pressure to return some of its wealth to investors amid estimates it could be holding as much as $3.5 million in excess capital, according to media reports.
The retail giant will reportedly offer more detail on its fiscal plans at an annual strategy briefing on May 29.
Media reports say the agenda for the briefing has been circulated to both analysts and investors, with the typically final item for discussion of capital management placed as the first item of discussion at the briefing.
Since acquiring Coles five years ago, Wesfarmers has taken a conservative approach to its balance-sheet management and analysts predict dividends will increase over the next two to three years.
Wesfarmers generated a net profit of $1.28 billion for the first half of the current financial year.
