Dividend Update Highlights Currency Risks and DRP Limits for Cleanaway Investors
Cleanaway Waste Management has updated its FY2025 final dividend details, including currency options for New Zealand shareholders and a revised Dividend Reinvestment Plan price.
- Final dividend set at AUD 0.032 per share, fully franked
- Dividend payable on 7 October 2025 with NZD payment option for eligible shareholders
- Exchange rate fixed at 1 AUD to 1.126671 NZD for dividend conversion
- Dividend Reinvestment Plan (DRP) price updated to AUD 2.74590 with 1.5% discount
- DRP participation limited to shareholders with Australian or New Zealand registered addresses
Dividend Update and Currency Options
Cleanaway Waste Management Limited (ASX – CWY) has issued an update to its previously announced final dividend for the financial year ending 30 June 2025. The company confirmed an ordinary dividend of AUD 0.032 per share, fully franked at the 30% corporate tax rate, payable on 7 October 2025. This update clarifies the dividend amount in New Zealand dollars and the exchange rate applied for shareholders opting to receive payments in NZD.
Shareholders with a registered address in New Zealand who have provided New Zealand bank account details will receive their dividend in NZD at an exchange rate of 1 AUD to 1.126671 NZD. This currency option reflects Cleanaway’s commitment to accommodating its trans-Tasman investor base and providing flexibility in dividend payments.
Dividend Reinvestment Plan (DRP) Details
The update also revises the Dividend Reinvestment Plan price to AUD 2.74590 per share, reflecting the volume weighted average market price from 17 to 23 September 2025, inclusive of a 1.5% discount. The DRP remains fully available to shareholders with Australian or New Zealand registered addresses, allowing them to reinvest dividends into additional shares rather than receiving cash.
Notably, the default option for shareholders who do not elect to participate in the DRP is to receive the dividend in cash. The deadline for DRP election notices is 16 September 2025, ensuring shareholders have ample time to decide their preferred dividend treatment.
Implications for Investors
This update provides greater clarity for investors on dividend currency choices and reinvestment pricing, which can influence shareholder returns and portfolio strategies. The fully franked nature of the dividend enhances its attractiveness, particularly for Australian investors seeking tax-effective income. Meanwhile, the NZD payment option and DRP terms underscore Cleanaway’s responsiveness to shareholder preferences and market conditions.
As Cleanaway continues to navigate the evolving waste management sector, these dividend details offer a tangible signal of the company’s financial health and commitment to shareholder value. Investors will be watching participation rates in the DRP and any future adjustments to dividend policy as indicators of confidence in Cleanaway’s growth trajectory.
Bottom Line?
Cleanaway’s dividend update sharpens investor focus on currency flexibility and reinvestment strategy ahead of payment date.
Questions in the middle?
- How will shareholder participation in the DRP affect Cleanaway’s capital structure?
- Could future dividends see further currency options or changes in franking levels?
- What impact might exchange rate fluctuations have on New Zealand shareholders’ returns?
