Commonwealth Bank Sets AUD 2.70 Dividend Payable in Multiple Currencies

• Final dividend of AUD 2.70 fully franked at 30%
• Dividend payable on 29 September 2026
• Multi-currency payments in AUD, NZD, and GBP available
• Full Dividend Reinvestment Plan participation with no discount
• DRP uptake at approximately 12.4% of shares on issue

Final Dividend Set at AUD 2.70 Fully Franked

Commonwealth Bank of Australia (ASX:CBA) has confirmed its final dividend for the financial year ending 30 June 2026 at AUD 2.70 per ordinary share, fully franked at the 30% corporate tax rate. The dividend will be paid on 29 September 2026, following the record date of 20 August 2026 and an ex-date of 19 August 2026. This payout aligns with the bank’s previously announced profit growth trajectory, reflecting a stable return to shareholders.

Flexible Currency Payment Options for Shareholders

In a move that acknowledges its diverse shareholder base, CBA is offering dividend payments in multiple currencies. Shareholders registered in Australia, New Zealand, and the United Kingdom will receive dividends in their local currency; Australian Dollar (AUD), New Zealand Dollar (NZD), or Pound Sterling (GBP); provided they have nominated a valid bank account by the dividend record date. The exchange rates fixed at the announcement date are NZD 1.2091 and GBP 0.5288 relative to AUD, translating to NZD 3.26457 and GBP 1.42776 per share respectively.

Shareholders globally can also elect to receive payments in their preferred currency by setting up an account with OFX Group Limited or by ensuring their nominated bank account corresponds with the desired currency country. Those without a nominated bank account and not participating in the Dividend Reinvestment Plan (DRP) will receive dividends in AUD by default.

Dividend Reinvestment Plan Fully Available Without Discount

CBA’s Dividend Reinvestment Plan remains fully accessible for this final dividend, with no discount applied to the reinvestment price. The DRP price will be calculated as the average daily volume weighted average price of CBA shares traded on the ASX and TMX during the 20 trading days from 24 August to 18 September 2026. Shareholders who do not elect to participate will receive their dividend in cash by default.

Participation in the DRP currently stands at approximately 12.4% of the ordinary shares on issue, a slight decrease from previous interim dividends. The plan is open to shareholders in Australia and select international jurisdictions including New Zealand, the United Kingdom, Canada, and several European and Asian countries, subject to eligibility conditions.

Implications for Income and Currency Exposure

This dividend update reinforces CBA’s commitment to providing flexible shareholder returns amid a globally dispersed investor base. The multi-currency payment option could appeal to international investors seeking to mitigate currency risk, although the fixed exchange rates at announcement may differ from actual payment date rates, introducing some variability in final currency amounts received.

Meanwhile, the full availability of the DRP without discount suggests CBA’s confidence in its share price stability and ongoing capital management strategy. With a participation rate hovering around one-eighth of shares, the DRP remains a meaningful option for shareholders looking to compound their holdings.

Bottom Line?

CBA’s dividend update balances steady income with currency flexibility, setting the stage for investor decisions on reinvestment and currency exposure ahead of the September payout.

Questions in the middle?

• Will international shareholders shift dividend currency preferences amid fluctuating exchange rates?
• Could DRP participation rates change materially if a discount were introduced in future dividends?
• How will CBA’s capital management strategy evolve with ongoing profit growth and shareholder return expectations?