Wesfarmers Limited has updated its final dividend details for FY2026, declaring a fully franked ordinary dividend of AUD 1.20 per share payable on 7 October 2026. Shareholders can elect to receive payments in Australian, New Zealand, or British currencies, with a fully available Dividend Reinvestment Plan restricted to Australian and New Zealand addresses.
- Final dividend AUD 1.20 fully franked
- Payment date set for 7 October 2026
- Dividend payable in AUD, NZD, or GBP
- DRP fully available with no discount
- KEEPP share payments deferred until vesting
Dividend Payment and Currency Flexibility
Wesfarmers Limited (ASX:WES) has confirmed its final ordinary dividend for the financial year ending 30 June 2026 at AUD 1.20 per share, fully franked at the 30% corporate tax rate. The payment is scheduled for 7 October 2026, with a record date of 2 September and an ex-dividend date of 1 September. Notably, shareholders can elect to receive their dividend payments in Australian Dollars (AUD), New Zealand Dollars (NZD), or British Pounds Sterling (GBP), regardless of their registered address, by nominating an appropriate bank account.
Exchange Rates and Currency Election Details
The company has set the exchange rates for the non-primary currencies at AUD/GBP = 0.5290 and AUD/NZD = 1.2225. Shareholders who do not nominate a valid bank account in these currencies and reside outside Australia, New Zealand, or the United Kingdom will receive their dividend via AUD cheque mailed to their registered address. This multi-currency payment option offers flexibility to Wesfarmers' diverse shareholder base, reflecting its international footprint.
Dividend Reinvestment Plan Terms
Wesfarmers' Dividend Reinvestment Plan (DRP) remains fully open to eligible shareholders, with no discount applied to the reinvestment price. The DRP price will be calculated as the average volume weighted average price of Wesfarmers shares over the 15 trading days from 7 to 25 September 2026. However, participation in the DRP is restricted to shareholders with registered addresses in Australia and New Zealand, excluding others from this option.
KEEPP Share Payment Deferral
The payment date for unquoted shares issued under the Key Executive Equity Performance Plan (KEEPP) will be deferred until the vesting and quotation of those shares. This deferral means that some executive equity payments will not coincide with the ordinary dividend payment date, introducing a timing nuance for those specific securities.
Bottom Line?
Wesfarmers' multi-currency dividend payments and fully franked payout underscore its commitment to shareholder flexibility, though the KEEPP payment deferral adds a layer of complexity for executive equity holders.
Questions in the middle?
- How will shareholder currency election trends impact Wesfarmers' foreign exchange exposure?
- What timing and financial effects will the KEEPP payment deferral have on cash flows?
- Will DRP participation restrictions influence shareholder reinvestment patterns?