Coles Sets Dividend at 32c per Share with DRP Price at AUD 23.83
Coles Group Limited has updated its dividend distribution details, confirming a fully franked ordinary dividend of 32 cents per share for FY2025 and revising the Dividend Reinvestment Plan price to AUD 23.83220.
- Ordinary dividend of AUD 0.32 per share fully franked at 30%
- Dividend payable on 22 September 2025 with record date 8 September
- Dividend Reinvestment Plan (DRP) price set at AUD 23.83220 with no discount
- DRP participation limited to shareholders in Australia and New Zealand
- Dividend payments available in AUD, GBP, or NZD based on shareholder instructions
Dividend Details Confirmed for FY2025
Coles Group Limited has provided an update to its dividend distribution for the financial year ending 29 June 2025. The company confirmed an ordinary dividend of 32 cents per fully paid ordinary share, fully franked at the corporate tax rate of 30%. This dividend will be paid on 22 September 2025, with the record date set for 8 September 2025.
Dividend Reinvestment Plan Price Revised
Alongside the dividend confirmation, Coles updated the price for its Dividend Reinvestment Plan (DRP). The DRP price has been set at AUD 23.83220 per share, calculated as the average volume weighted price over five trading days commencing 10 September 2025. Notably, there is no discount applied to the DRP price, and participation is restricted to shareholders with registered addresses in Australia or New Zealand.
Currency Options for Dividend Payments
Coles continues to offer flexible currency options for dividend payments. Shareholders can receive dividends in Australian dollars (AUD), Pound Sterling (GBP), or New Zealand dollars (NZD), depending on their registered banking instructions. The exchange rates used for GBP and NZD payments are based on Reserve Bank of Australia reference rates as of 9 September 2025. Shareholders without valid banking details will receive payments by cheque or have their dividends held until banking details are provided.
No Additional Approvals Required
The dividend payment does not require any external approvals such as security holder, court, or regulatory consents, streamlining the process for shareholders. This update follows a previous announcement made on 10 September 2025, with the primary change being the DRP price adjustment.
Implications for Shareholders
For investors, the fully franked dividend represents a solid yield component, while the DRP offers a no-discount reinvestment opportunity, potentially appealing to those looking to increase their holdings without incurring brokerage fees. The currency flexibility also caters to Coles’ diverse shareholder base across Australia, New Zealand, and the UK.
Bottom Line?
Coles’ dividend update underscores steady shareholder returns while the DRP terms invite closer scrutiny ahead of the payment date.
Questions in the middle?
- Will Coles maintain or increase its dividend payout in the next financial year?
- How will currency fluctuations impact foreign shareholders’ dividend returns?
- What is the expected uptake rate of the DRP given the absence of a discount?
