Lendlease Declares 16.96 Cents Dividend With DRP for FY25 H1
Lendlease Group has announced a fully franked ordinary dividend of AUD 0.1696 per security for the first half of FY25, alongside a Dividend Reinvestment Plan with no discount.
- Ordinary dividend of AUD 0.16955951 per security declared
- Dividend is 61.23% franked, payable on 17 September 2025
- Ex-date set for 22 August 2025, record date 25 August 2025
- Dividend Reinvestment Plan (DRP) available with no discount
- Payments made in AUD, NZD, and GBP depending on securityholder location
Lendlease Announces H1 Dividend
Lendlease Group has confirmed an ordinary dividend payment of AUD 0.16955951 per fully paid ordinary security for the six months ending 30 June 2025. This dividend reflects the company’s ongoing commitment to delivering shareholder returns amid a complex real estate market.
The dividend is 61.23% franked, indicating that a significant portion of the payment carries Australian tax credits, which can be beneficial for investors seeking tax-effective income. The payment date is scheduled for 17 September 2025, with an ex-dividend date of 22 August and a record date of 25 August.
Dividend Reinvestment Plan Details
Shareholders have the option to participate in Lendlease’s Dividend Reinvestment Plan (DRP), which allows them to reinvest dividends into new securities rather than receiving cash. Notably, the DRP is offered with no discount on the issue price, which will be calculated as the average daily volume weighted average price over five trading days following the record date.
New securities issued under the DRP will rank pari passu with existing securities, ensuring equal rights from the date of issue. The deadline for DRP election is 26 August 2025, providing shareholders with a clear window to decide their preference.
Currency and Tax Considerations
Lendlease will pay dividends in Australian dollars by default, but shareholders resident in New Zealand and the United Kingdom will receive payments in their local currencies (NZD and GBP respectively). Exchange rates will be determined as at the record date, with final rates updated shortly thereafter.
The announcement also confirms that no external approvals are required for this dividend payment, streamlining the process and providing certainty to investors. Tax component details will be available on Lendlease’s investor website, supporting transparency around the dividend’s tax treatment.
Overall, this dividend announcement reinforces Lendlease’s steady approach to shareholder returns, balancing income distribution with reinvestment opportunities in a dynamic property sector.
Bottom Line?
Investors will be watching DRP uptake and currency impacts as Lendlease navigates FY25’s evolving landscape.
Questions in the middle?
- How will the absence of a DRP discount affect shareholder participation?
- What impact will currency fluctuations have on foreign dividend payments?
- Will Lendlease maintain or increase dividend levels in the second half of FY25?
