Lendlease Declares AUD 0.0955 Dividend and Sets DRP Price at AUD 2.8971
Lendlease Group has updated its FY26 half-year dividend details, confirming the DRP price after the VWAP period and outlining dividend equivalents in AUD, NZD, and GBP. The unfranked dividend of AUD 0.0955 per security will be paid on 16 September 2026.
- Dividend of AUD 0.0955 per security declared for six months to June 2026
- Dividend is fully unfranked with no franking credits attached
- DRP price fixed at AUD 2.8971 with no discount applied
- Dividend payable in AUD, NZD, and GBP for respective securityholders
- DRP participation limited to Australian and New Zealand securityholders
Dividend Details and Payment Schedule Confirmed
Lendlease Group (ASX:LLC) has firmed up the details for its FY26 half-year dividend, confirming an unfranked payment of AUD 0.09547763 per stapled security. The dividend relates to the six months ending 30 June 2026, with a record date of 24 August and a payment date set for 16 September 2026. This update follows the initial announcement made on 17 August 2026.
Dividend Reinvestment Plan Pricing and Participation
The company has also disclosed the Dividend Reinvestment Plan (DRP) price following the conclusion of the five-day volume weighted average price (VWAP) calculation period. The DRP price is set at AUD 2.89710 per security, with no discount applied, signalling a neutral stance on reinvestment incentives. Eligible securityholders must hold a minimum of 100 securities to participate, and the DRP is available exclusively to those with registered addresses in Australia or New Zealand.
Currency Options for Foreign Securityholders
Lendlease is accommodating securityholders resident in New Zealand and the United Kingdom by paying dividends in their local currencies. The equivalent dividend amounts per security are NZD 0.1144 and GBP 0.0501, respectively, based on exchange rates determined at the record date (NZD: 1.1986, GBP: 0.5247). Securityholders cannot elect to receive dividends in currencies other than those defaulted by their residency status.
Unfranked Dividend Reflects Current Tax Position
The dividend is fully unfranked, with no franking credits attached, consistent with prior distributions. This means securityholders will receive the dividend without any Australian tax credits, which may have implications for investors depending on their tax residency and portfolio composition.
Bottom Line?
Investors should watch the DRP uptake and currency impacts on foreign securityholders as the payment date approaches.
Questions in the middle?
- How will the unfranked dividend affect yield attractiveness for different investor groups?
- What proportion of eligible securityholders will opt into the DRP at the set price?
- Could currency fluctuations between the record date and payment date materially impact foreign dividend receipts?
