ANZ Unveils 2025 Final Dividend with Multi-Currency and Reinvestment Choices
ANZ Group Holdings Limited has announced its 2025 final dividend of 83 cents per share, partially franked at 70%, with options for dividend reinvestment and payment in multiple currencies.
- Final dividend of AUD 0.83 per share, 70% franked
- Dividend payable on 19 December 2025 with record date 14 November
- Dividend payable in AUD, NZD, or GBP with specified exchange rates
- Dividend Reinvestment Plan (DRP) and Bonus Security Plan (BSP) offered at discounted price
- Unfranked dividend portion sourced from conduit foreign income account
ANZ's 2025 Final Dividend Announcement
ANZ Group Holdings Limited has confirmed its final dividend for the 2025 financial year, declaring an ordinary dividend of 83 cents per share. This dividend is partially franked at 70%, reflecting the company's ongoing commitment to delivering shareholder value while managing its tax position effectively. The payment date is set for 19 December 2025, with a record date of 14 November 2025, giving shareholders clarity on eligibility.
Currency Flexibility and Exchange Rates
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 sterling (GBP). Shareholders with registered addresses in New Zealand and the United Kingdom will receive payments in their local currencies by default, with exchange rates fixed at AUD/NZD 1.149025 and AUD/GBP 0.495310 respectively. Shareholders also have the option to elect payment in any of the three currencies, providing flexibility to manage currency exposure.
Dividend Reinvestment and Bonus Security Plans
ANZ continues to offer its Dividend Reinvestment Plan (DRP) and Bonus Security Plan (BSP) for this dividend. Both plans allow shareholders to reinvest their dividends into new shares issued at a 1.5% discount to the average market price over the period from 19 November to 2 December 2025. The DRP and BSP securities will rank pari passu with existing shares, ensuring equal rights from the date of issue. Notably, the unfranked portion of the dividend will be sourced from ANZ's conduit foreign income account, and shareholders are encouraged to provide their tax file or business numbers to avoid withholding tax on this component.
Tax and Franking Details
The dividend is 70% franked, with franking credits calculated at the corporate tax rate of 30%. The unfranked portion, amounting to 24.9 cents per share, is covered by conduit foreign income, which has implications for tax treatment depending on the shareholder's residency and tax status. Australian resident shareholders are reminded to update their tax details with the share registry to ensure correct withholding tax treatment.
Looking Ahead
This dividend announcement underscores ANZ's steady approach to shareholder returns amid a complex global environment. The availability of multiple currency options and reinvestment plans reflects the bank's sensitivity to investor preferences and market conditions. As the payment date approaches, market participants will be watching how many shareholders opt into the DRP and BSP, which could influence ANZ's capital position and share liquidity.
Bottom Line?
ANZ’s dividend strategy balances rewarding shareholders with flexible options while managing tax and capital considerations ahead of year-end.
Questions in the middle?
- What proportion of shareholders will participate in the DRP versus taking cash dividends?
- How will currency fluctuations impact the effective dividend received by international shareholders?
- Could the issuance of new shares under the DRP and BSP affect ANZ’s share price or capital structure?
