Wesfarmers Confirms Fully Franked AUD 1.02 Dividend and DRP Terms

Dividend Update and Payment Details

Wesfarmers Limited has provided an update to its dividend distribution announcement for the six months ending 31 December 2025. The company confirmed an ordinary dividend of AUD 1.02 per share, fully franked at the 30% corporate tax rate, payable on 31 March 2026. This dividend relates to the financial period ending 31 December 2025, with the record date set on 25 February 2026.

Importantly, the payment for unquoted shares issued under the Key Executive Equity Performance Plan (KEEPP) will be deferred until those shares vest and are quoted, introducing a timing nuance for certain shareholders.

Dividend Reinvestment Plan (DRP) Specifics

Wesfarmers also updated details on its Dividend Reinvestment Plan (DRP). The DRP price has been set at AUD 75.6897, calculated as the average daily volume weighted average price over a 15-trading-day period from 2 March to 20 March 2026, with no discount applied. Shareholders representing approximately 10.85% of the company’s issued shares have elected to participate in the DRP for this dividend period.

Participation in the DRP is subject to conditions, notably that it is only open to shareholders with registered addresses in Australia and New Zealand. This restriction excludes shareholders in other jurisdictions from reinvesting dividends under the plan.

Currency Options and Payment Flexibility

Wesfarmers offers dividend payments in multiple currencies to accommodate its diverse shareholder base. Payments will be made by direct credit in Australian Dollars (AUD), New Zealand Dollars (NZD), or Pounds Sterling (GBP). Shareholders may elect their preferred currency by nominating a bank account in that currency. Those without a nominated valid bank account outside Australia, New Zealand, or the UK will receive their dividend via AUD cheque mailed to their registered address.

The exchange rates applied for currency conversions are AUD/GBP at 0.5258 and AUD/NZD at 1.1883, providing transparency on the currency equivalence of dividend payments.

Implications for Shareholders and Market Observers

This update provides clarity on Wesfarmers’ income distribution for the half-year and the mechanics of its DRP, which is an important consideration for income-focused investors and those seeking to increase their holdings through reinvestment. The absence of a DRP discount and the geographic restriction on participation may influence shareholder decisions and market demand for shares around the dividend payment date.

Overall, the announcement reflects Wesfarmers’ steady approach to shareholder returns and its commitment to providing flexible payment options aligned with its international shareholder base.