News Corp Confirms USD 0.10 Dividend for June Half, Payment in October
News Corporation has updated its dividend details for the six months ending June 2025, confirming an ordinary unfranked dividend of USD 0.10 per share, payable in October. The dividend will be paid in US dollars to stockholders and Australian dollars to ASX CDI holders.
- Ordinary unfranked dividend of USD 0.10 per Class B Voting Common Stock-CDI
- Dividend relates to six months ending 30 June 2025
- Payment date set for 8 October 2025
- Dividend paid in USD to stockholders, AUD to ASX CDI holders
- No approvals required and no securities plan for dividends
Dividend Update and Payment Details
News Corporation has issued an update to its dividend notification for the six-month period ending 30 June 2025. The company confirmed an ordinary dividend of USD 0.10 per Class B Voting Common Stock-CDI, payable on 8 October 2025. This dividend is unfranked, meaning it does not carry any Australian franking credits.
The announcement clarifies currency arrangements for dividend payments. Holders of News Corporation Class B common stock will receive their dividends in US dollars, while holders of CHESS Depositary Interests (CDIs) on the ASX will be paid in Australian dollars. The exchange rate applied for the AUD payment is AUD 1.00 to USD 0.6539, translating to an AUD equivalent dividend of approximately 15.3 cents per CDI.
No Approvals or Securities Plan Impact
Importantly, the update confirms that no external approvals, such as security holder, court, or regulatory consents, are required before the dividend payment. Additionally, News Corporation does not have a securities plan related to dividends on this security, indicating a straightforward distribution process without share issuance or dividend reinvestment schemes.
The record date for determining eligible shareholders was 10 September 2025, with the ex-dividend date set one day earlier on 9 September 2025. These dates align with standard market practice, ensuring clarity for investors regarding entitlement.
Context and Investor Considerations
This update follows a previous announcement made in early August 2025, providing refined details on currency and payment arrangements. For investors, the unfranked nature of the dividend means no Australian tax credits are attached, which may influence after-tax returns depending on individual tax circumstances.
Currency exposure is another consideration. While US dollar payments benefit US-based shareholders, Australian investors holding CDIs will receive payments in AUD, subject to exchange rate fluctuations. The fixed exchange rate disclosed offers some certainty for this payment, but future dividends may vary with currency markets.
Overall, News Corporation’s dividend update signals steady income for shareholders without surprises or changes to policy. The company’s media and publishing operations continue to generate sufficient cash flow to support these distributions, reflecting ongoing confidence in its financial position.
Bottom Line?
As News Corp prepares to pay its October dividend, investors will watch currency dynamics and future payout signals closely.
Questions in the middle?
- Will News Corporation maintain or increase dividend payouts in upcoming periods?
- How might currency fluctuations impact Australian investors’ returns on CDI dividends?
- Could News Corp introduce a securities plan or dividend reinvestment scheme in the future?