Coles Declares AUD 0.32 Dividend Payable in AUD, GBP, and NZD
Coles Group Limited has updated its dividend details, confirming a fully franked ordinary dividend of AUD 0.32 per share for FY25, payable in multiple currencies. Shareholders can also participate in a Dividend Reinvestment Plan with no discount applied.
- Ordinary fully franked dividend of AUD 0.32 per share for FY ending June 29, 2025
- Dividend payable on September 22, 2025, with record date September 8 and ex-date September 5
- Dividend payments available in AUD, GBP, or NZD based on shareholder banking instructions
- Dividend Reinvestment Plan (DRP) offered with no discount and full participation option
- Update clarifies currency arrangements and exchange rates used for foreign currency payments
Dividend Update and Payment Details
Coles Group Limited has provided an update to its dividend notification, confirming an ordinary dividend of AUD 0.32 per fully paid ordinary share for the financial year ending June 29, 2025. This dividend is fully franked, reflecting the company's strong tax position and commitment to returning value to shareholders.
The dividend will be paid on September 22, 2025, with a record date set for September 8 and an ex-dividend date of September 5. Importantly, no additional approvals are required for this payment, streamlining the process for shareholders.
Multi-Currency Payment Options
One of the key updates in this announcement is the clarification of currency arrangements for dividend payments. Shareholders will receive dividends by direct credit in Australian dollars (AUD), Pound Sterling (GBP), or New Zealand dollars (NZD), depending on their registered banking instructions. This flexibility caters to Coles’ diverse shareholder base across Australia, New Zealand, and the United Kingdom.
For shareholders who have not provided valid banking details by the deadline of September 9, 2025, payments will be issued by cheque in AUD if their registered address is outside Australia or New Zealand. Australian and New Zealand shareholders without bank details will have their dividends held in a non-interest bearing account until they provide the necessary information.
Dividend Reinvestment Plan Details
Coles continues to offer a Dividend Reinvestment Plan (DRP) for this dividend, allowing shareholders to reinvest their dividends into new shares rather than receiving cash. The DRP is fully available to shareholders with registered addresses in Australia or New Zealand, with no minimum or maximum participation limits.
The DRP price will be calculated as the average market price of Coles shares over the five trading days starting September 10, 2025, with no discount applied. This approach reflects a fair market value and encourages participation without diluting shareholder value.
Exchange Rates and Currency Elections
The announcement also specifies the exchange rates used for converting dividends into GBP and NZD, referencing rates published by the Reserve Bank of Australia as of September 9, 2025. Shareholders have the option to elect to receive their dividend in a currency different from the default arrangement, providing further flexibility.
Shareholders seeking to make currency elections or requiring further information can contact Computershare Investor Services or visit the Coles DRP website for details.
Bottom Line?
Coles’ dividend update underscores its steady shareholder returns and growing international payment flexibility, setting the stage for investor decisions ahead of payment day.
Questions in the middle?
- How will shareholder uptake of the multi-currency payment options impact foreign exchange exposure?
- What level of participation is expected in the Dividend Reinvestment Plan without a discount incentive?
- Could future dividend policies incorporate further flexibility or incentives to attract international investors?
