Orora Sets Dividend at AUD 0.05 Per Share, Payment on April 2

Orora Announces Dividend for H1 2025

Orora Limited, a key player in the packaging and containers sector, has declared an ordinary dividend of AUD 0.05 per fully paid ordinary share for the six-month period ending 31 December 2025. This dividend is unfranked, meaning it does not carry franking credits, which may be a consideration for investors focused on tax efficiency.

Key Dates and Payment Details

The dividend will be paid on 2 April 2026, with the ex-dividend date set for 27 February 2026 and the record date on 2 March 2026. These dates are critical for shareholders to ensure eligibility for the dividend payment. Shareholders who hold Orora shares before the ex-date will be entitled to receive the dividend.

Dividend Reinvestment Plan Offers Flexibility

Orora continues to offer its Dividend Reinvestment Plan (DRP), allowing shareholders to reinvest their dividends into additional shares rather than receiving cash. Notably, the DRP carries no discount on the share price, which will be calculated based on the arithmetic average of the weighted average market price over ten trading days from 5 March to 18 March 2026. The DRP election deadline is 3 March 2026 at 4, 00 pm, and the new shares under the DRP will be issued on the dividend payment date.

Implications for Investors

The unfranked nature of the dividend may influence certain investors’ decisions, particularly those seeking franking credits for tax purposes. However, the steady dividend payment reflects Orora’s ongoing commitment to returning value to shareholders amid a competitive consumer staples environment. The availability of the DRP without a discount suggests a balanced approach to managing shareholder capital and company equity.

Looking Ahead

Investors will be watching closely how the market responds to this dividend announcement and the uptake of the DRP. The absence of a discount on the DRP shares may temper participation levels, but it also signals confidence in the company’s share price. As Orora navigates the packaging sector’s evolving dynamics, dividend policy will remain a key barometer of its financial health and shareholder engagement.