ANZ’s Dividend Plan Raises Questions on Tax and Currency Impact
ANZ Group Holdings Limited has announced a final dividend of 83 cents per share, 70% franked, payable in multiple currencies with reinvestment plans available. Shareholders have until November 17 to make their election choices.
- Final dividend of AUD 0.83 per share for period ending September 2025
- Dividend 70% franked, with unfranked portion from conduit foreign income
- Dividend Reinvestment Plan (DRP) and Bonus Security Plan (BSP) offered with 1.5% discount
- Shareholders can elect dividend payment in AUD, NZD, or GBP
- DRP and BSP election deadline set for November 17, 2025
ANZ Announces Final Dividend
ANZ Group Holdings Limited has declared a final ordinary dividend of 83 cents per share for the six-month period ending 30 September 2025. This dividend will be paid on 19 December 2025 to shareholders on record as of 14 November 2025, with the ex-dividend date set for 13 November 2025.
Franking and Tax Details
The dividend is 70% franked, reflecting ANZ’s continued commitment to returning value to shareholders while managing its tax position prudently. The unfranked portion of the dividend will be sourced from ANZ’s conduit foreign income account, which means Australian resident shareholders should ensure their Tax File Number or Australian Business Number details are up to date with the share registry to avoid withholding tax on the unfranked component.
Dividend Reinvestment and Bonus Security Plans
ANZ offers shareholders the option to participate in a Dividend Reinvestment Plan (DRP) and a Bonus Security Plan (BSP), both of which apply to this dividend. The DRP allows shareholders to reinvest their dividends into new ANZ shares at a 1.5% discount to the market price, calculated over a two-week period starting 19 November 2025. Similarly, the BSP offers a discounted acquisition price for new securities. Both plans require election by 17 November 2025, with no minimum or maximum participation limits.
Multi-Currency Dividend Payments
In a nod to its international shareholder base, ANZ will pay dividends in three currencies – Australian dollars (AUD), New Zealand dollars (NZD), and British pounds (GBP). By default, shareholders receive payments in the currency corresponding to their registered address, but they may elect to receive dividends in any of the three currencies by the election deadline. Exchange rates for non-AUD payments will be announced on 3 December 2025.
Looking Ahead
Shareholders are encouraged to review the detailed terms and conditions available on ANZ’s shareholder website and to update their payment and tax information promptly. The combination of a solid dividend, flexible reinvestment options, and multi-currency payments underscores ANZ’s focus on shareholder value and global accessibility.
Bottom Line?
ANZ’s dividend announcement reinforces its steady shareholder returns while offering flexible options that reflect its international footprint.
Questions in the middle?
- How will the unfranked portion sourced from conduit foreign income impact ANZ’s tax efficiency going forward?
- What proportion of shareholders will elect to participate in the DRP or BSP this cycle?
- How might currency fluctuations affect the value of dividends paid in NZD and GBP?
