Wesfarmers Declares $1.02 Fully Franked Dividend, Payment Set for 31 March 2026
Wesfarmers has updated its dividend details, confirming a fully franked ordinary dividend of AUD 1.02 per share for the half-year ending December 2025, with payment scheduled for March 31, 2026. Shareholders can choose to receive payments in AUD, NZD, or GBP, reflecting the company’s international shareholder base.
- Ordinary fully franked dividend of AUD 1.02 per share declared
- Dividend payment date set for 31 March 2026
- Shareholders may elect payment in AUD, NZD, or GBP
- Dividend Reinvestment Plan (DRP) available without discount
- KEEPP share payments deferred until vesting and quotation
Dividend Update and Payment Details
Wesfarmers Limited has provided an update to its previously announced dividend distribution, confirming an ordinary dividend of AUD 1.02 per share for the six months ending 31 December 2025. This dividend is fully franked, reflecting the company’s strong tax position and commitment to returning value to shareholders. The payment date is scheduled for 31 March 2026, maintaining consistency with Wesfarmers’ established dividend timetable.
Currency Flexibility for Shareholders
In a nod to its diverse shareholder base, Wesfarmers offers dividend payments in multiple currencies. Shareholders can receive their dividends in Australian Dollars (AUD), New Zealand Dollars (NZD), or Pounds Sterling (GBP), depending on their preference and banking arrangements. This flexibility is designed to accommodate investors across Australia, New Zealand, and the United Kingdom, as well as those with international addresses who may opt for AUD cheques if no valid foreign currency bank account is nominated.
Dividend Reinvestment Plan and Participation Conditions
The company’s Dividend Reinvestment Plan (DRP) remains available for this dividend, allowing shareholders to reinvest their dividends into additional shares without any discount on the allocation price. The DRP price will be calculated based on the volume weighted average price of Wesfarmers shares over a 15-day trading period starting 2 March 2026. Notably, participation in the DRP is restricted to shareholders with registered addresses in Australia and New Zealand, excluding other jurisdictions.
Key Executive Equity Performance Plan (KEEPP) Payment Deferral
Wesfarmers also clarified that payments relating to unquoted shares issued under the Key Executive Equity Performance Plan (KEEPP) will be deferred until those shares vest and are quoted on the ASX. This deferral aligns with standard executive equity arrangements and ensures that payments are made only when shares become tradable, potentially affecting the timing of income for executives involved.
Looking Ahead
This update provides shareholders with clear guidance on dividend payments and currency options, reinforcing Wesfarmers’ transparent communication approach. Investors will be watching closely to see how currency election trends develop and how the DRP participation rates unfold in the coming weeks.
Bottom Line?
Wesfarmers’ dividend update underscores its steady shareholder returns while highlighting evolving currency and equity plan complexities.
Questions in the middle?
- How will shareholders’ currency preferences impact Wesfarmers’ foreign exchange exposure?
- What level of participation will the Dividend Reinvestment Plan attract without a discount?
- When exactly will KEEPP-related payments vest and how might this affect executive incentives?
