Scentre Group Sets Dividend at AUD 0.08905 for H1 2025, DRP Price at AUD 3.7998
Scentre Group has announced its actual ordinary dividend for the six months ending December 2025, offering an unfranked payout of AUD 0.08905 per security and a New Zealand dollar payment option for eligible investors.
- Ordinary unfranked dividend of AUD 0.08905 per security for H1 2025
- Dividend payable on 27 February 2026 with record date 13 February
- Option for New Zealand securityholders to receive distributions in NZD at AUD1 = NZD1.1743
- Dividend Reinvestment Plan (DRP) available at a price of AUD 3.79980 with no discount
- DRP participation limited to Australian and New Zealand registered securityholders
Scentre Group Confirms Dividend Details for First Half of 2025
Scentre Group has provided an update to its previous announcement, confirming the actual ordinary dividend distribution for the six-month period ended 31 December 2025. The company declared an unfranked dividend of AUD 0.08905 per fully paid ordinary security, payable on 27 February 2026. This payment follows the record date set on 13 February 2026 and the ex-dividend date of 12 February 2026.
The dividend is unfranked, meaning it does not carry any Australian franking credits, which is typical for certain real estate investment trusts and reflects the company’s tax position. Investors should note that the full dividend amount is unfranked, with no conduit foreign income component.
Currency Options and Exchange Rate for New Zealand Securityholders
In a nod to its trans-Tasman investor base, Scentre Group offers eligible New Zealand securityholders the option to receive their distributions in New Zealand dollars. The exchange rate applied for this payment is AUD1.00 to NZD1.1743. This currency arrangement requires securityholders to have submitted a valid request by the record date to receive payments in NZD directly into their New Zealand bank accounts.
For all other investors, distributions will be paid in Australian dollars via direct credit to nominated bank accounts. This dual-currency payment option underscores Scentre Group’s commitment to accommodating its diverse investor base across Australia and New Zealand.
Dividend Reinvestment Plan Details
Scentre Group’s Dividend Reinvestment Plan (DRP) remains available for this distribution. The DRP price has been set at AUD 3.79980 per security, calculated as the arithmetic average of the daily volume weighted average market price over five trading days from 16 to 20 February 2026. Notably, there is no discount applied to the DRP price for this period.
Participation in the DRP is optional and defaults to cash payment if securityholders do not elect to participate. The plan is open exclusively to securityholders with registered addresses in Australia or New Zealand, reflecting regulatory and administrative considerations. There are no minimum or maximum participation limits, and new securities issued under the DRP will rank pari passu with existing securities from the date of issue.
Looking Ahead
Tax component details related to this distribution will be provided in the annual tax statement expected in March 2026 and will also be accessible on Scentre Group’s website. Investors should monitor these disclosures to understand the full tax implications of their dividend income.
Overall, this dividend announcement reinforces Scentre Group’s steady income distribution policy and its attentiveness to investor preferences, particularly regarding currency options and reinvestment opportunities. The lack of franking credits and the DRP pricing strategy may influence investor decisions in the lead-up to the payment date.
Bottom Line?
Scentre Group’s dividend update sets the stage for investor decisions on reinvestment and currency preferences ahead of the February payout.
Questions in the middle?
- How will the unfranked nature of the dividend affect investor demand and tax outcomes?
- What level of participation will the DRP see given the absence of a discount?
- Could currency payment options influence the geographic distribution of Scentre Group’s investor base?
