ANZ Declares 83 Cents Interim Dividend with No DRP Discount

ANZ’s Interim Dividend Announcement

ANZ Group Holdings Limited has confirmed its 2025 interim dividend at 83 cents per share, partially franked at 70%. This dividend reflects the bank’s ongoing commitment to delivering consistent returns to shareholders amid a competitive banking environment. Additionally, New Zealand imputation credits of 12 cents per share will be attached, providing further tax benefits for eligible investors.

Dividend Reinvestment and Bonus Option Plans Remain Attractive

Importantly, ANZ has announced that both its Dividend Reinvestment Plan (DRP) and Bonus Option Plan (BOP) will continue to operate for this interim dividend without any discount on the acquisition price. The pricing period for shares issued under these plans will span 10 trading days, incorporating trades from both the ASX and Cboe Australia platforms. This approach allows shareholders to reinvest dividends on equitable terms, potentially increasing their holdings without incurring additional costs.

Key Dates and Participation Details

Shareholders should note the critical dates: the ex-dividend date is 13 May 2025, with the record date following on 14 May. To participate or adjust their involvement in the DRP or BOP, shareholders must notify ANZ’s share registrar, Computershare, by 5pm AEST on 15 May. The dividend payment and share allotment are scheduled for 1 July 2025. These timelines provide clarity for investors planning their portfolio moves around the dividend event.

Tax Considerations and Restrictions

From a taxation perspective, Australian resident shareholders are encouraged to provide their Tax File Number or Australian Business Number to avoid withholding on the unfranked portion of the dividend. Notably, the unfranked component is sourced from ANZ’s conduit foreign income account, meaning no non-resident withholding tax applies to overseas shareholders. However, shareholders residing in the United States or Canada are excluded from participating in the DRP and BOP, reflecting regulatory and compliance constraints.

What This Means for Investors

ANZ’s steady dividend and continuation of shareholder-friendly reinvestment plans signal confidence in its capital position and earnings stability. While the announcement does not provide explicit commentary on future earnings or strategic shifts, the maintenance of these programs without discount suggests a focus on rewarding long-term investors. Market participants will be watching closely to see how shareholders respond to the DRP and BOP offerings and how this dividend compares with peers in the banking sector.