Stockland announces a 9-cent unfranked dividend for the half-year ending December 2025, alongside a Dividend Reinvestment Plan priced at $5.47 per security. The DRP offers investors a 1% discount and new securities issued will rank equally from the issue date.
- Ordinary dividend of AUD 0.09 per security for H1 2025
- Dividend fully unfranked, payable 27 February 2026
- Dividend Reinvestment Plan (DRP) price set at AUD 5.47 with 1% discount
- DRP securities to be newly issued and rank pari passu
- Eligibility limited to shareholders in Australia and New Zealand
Dividend Announcement Overview
Stockland (ASX – SGP) has updated the market with details of its upcoming ordinary dividend for the six months ending 31 December 2025. The company has declared an estimated dividend of 9 cents per fully paid ordinary security, payable on 27 February 2026. Notably, this dividend is fully unfranked, meaning it carries no franking credits for Australian tax purposes.
Dividend Reinvestment Plan Details
Alongside the dividend announcement, Stockland has confirmed the Dividend Reinvestment Plan (DRP) price at AUD 5.47 per security. This price reflects the arithmetic average of the daily volume weighted average market price over a 15 trading day period starting 2 January 2026, less a 1% discount. The DRP offers shareholders the option to reinvest their dividends into new Stockland securities rather than receiving cash, with these new securities ranking equally from the issue date.
Participation and Eligibility
The DRP is fully available to eligible securityholders, specifically those with registered addresses in Australia or New Zealand. Importantly, if shareholders do not make an election to participate, the default option is to receive the dividend in cash. There are no minimum or maximum participation limits, making the plan accessible to all qualifying investors.
Tax and Regulatory Considerations
Stockland’s dividend is unfranked, which may influence the after-tax income for Australian investors depending on their tax circumstances. The company has indicated that further tax component information will be available on its Investor Centre website upon payment of the actual distribution. No external approvals were required for this dividend payment, streamlining the process for shareholders.
Looking Ahead
The dividend amount remains estimated at this stage, with the actual figure to be confirmed on 16 February 2026. Investors will be watching closely to see if the final dividend aligns with this guidance and how uptake of the DRP might influence Stockland’s capital structure and share price in the coming months.
Bottom Line?
Stockland’s steady dividend and attractive DRP pricing set the stage for investor decisions ahead of the final payout.
Questions in the middle?
- Will the final dividend amount announced in February match the current estimate of 9 cents?
- How will the fully unfranked nature of the dividend impact investor demand, especially for tax-sensitive shareholders?
- What level of participation in the DRP can Stockland expect, and how might this affect future capital management?