Wesfarmers Confirms Fully Franked AUD 1.11 Dividend and DRP Details
Wesfarmers Limited has updated its dividend distribution for the six months ending June 2025, confirming a fully franked dividend of AUD 1.11 per share payable on 7 October. The company also detailed its dividend reinvestment plan pricing and currency options for shareholders.
- Fully franked ordinary dividend of AUD 1.11 per share
- Dividend payable on 7 October 2025
- Dividend Reinvestment Plan (DRP) price set at AUD 92.5815 with no discount
- DRP participation limited to shareholders in Australia and New Zealand
- Dividend payments available in AUD, NZD, and GBP with specified exchange rates
Dividend Update and Payment Details
Wesfarmers Limited has provided an update to its dividend distribution for the first half of the 2025 financial year, confirming an ordinary fully franked dividend of AUD 1.11 per share. This dividend relates to the six-month period ending 30 June 2025 and will be payable on 7 October 2025. The dividend is fully franked at the corporate tax rate of 30%, ensuring shareholders receive the benefit of imputation credits.
Notably, the payment date for shares issued under the company's Key Executive Equity Performance Plan (KEEPP) will be deferred until those shares vest and are quoted, introducing a timing nuance for executives participating in this plan.
Dividend Reinvestment Plan (DRP) and Pricing
Wesfarmers has set the Dividend Reinvestment Plan (DRP) price at AUD 92.5815, calculated as the average volume weighted average price over a 15-day trading period from 8 to 26 September 2025. Importantly, there is no discount applied to the DRP price, reflecting a straightforward reinvestment approach. Shareholders who do not elect to participate in the DRP will receive their dividend in cash by default.
Participation in the DRP is restricted to shareholders with registered addresses in Australia and New Zealand, a limitation that excludes investors in other jurisdictions from reinvesting dividends through this plan.
Currency Options for Dividend Payments
Wesfarmers offers shareholders flexibility in how they receive dividend payments, allowing direct credit in Australian Dollars (AUD), New Zealand Dollars (NZD), or Pound Sterling (GBP). Shareholders may elect their preferred currency by nominating a bank account in one of these currencies. For those without a valid nominated bank account and registered outside Australia, New Zealand, or the United Kingdom, dividends will be mailed as AUD cheques.
The exchange rates applied for currency conversions are AUD/GBP at 0.4875 and AUD/NZD at 1.1129, providing transparency on the value shareholders can expect in their chosen currency.
Shareholder Engagement and Next Steps
Shareholders wishing to change their dividend payment method or currency election must notify the share registry by the record date of 3 September 2025. The company has provided clear channels for these instructions, including online and telephone options, ensuring ease of participation.
With over 12% of shares on issue electing to participate in the DRP for this period, Wesfarmers continues to see meaningful shareholder engagement in its capital management strategies.
Bottom Line?
As Wesfarmers finalizes its dividend payments, investors will be watching closely for any shifts in shareholder participation and currency election trends ahead of the October payout.
Questions in the middle?
- Will Wesfarmers maintain the no-discount policy on its DRP in future dividends?
- How might the deferred payment timing for KEEPP shares affect executive incentives and shareholder perceptions?
- Could Wesfarmers expand DRP participation eligibility beyond Australia and New Zealand to attract broader investor engagement?
