Channel Infrastructure has set the Dividend Reinvestment Plan price for its 2026 half-year dividend at NZ$3.4012 per share. The NZ$0.0725 unfranked dividend will be paid on 24 September, with participating shareholders receiving new shares at a 1% discount.
- NZ$3.4012 DRP price confirmed
- NZ$0.0725 unfranked half-year dividend
- 1% discount for reinvested dividends
- Payment and share issue due 24 September
- DRP open to New Zealand and Australian holders
DRP Price Fixed at NZ$3.4012
Channel Infrastructure NZ Limited (ASX:CHI) has fixed the price for shares issued under its Dividend Reinvestment Plan at NZ$3.4012. The price applies to the company’s 2026 half-year ordinary dividend and incorporates the plan’s 1% discount.
The reinvestment price was calculated from the volume-weighted average sale price of Channel Infrastructure shares across five trading days from 8 to 14 September. The DRP shares will be newly issued and rank equally with existing shares from 24 September.
NZ$0.0725 Dividend Due on 24 September
Eligible shareholders are due to receive NZ$0.0725 per share for the six months ended 30 June 2026. The dividend is entirely unfranked and carries a 15% withholding tax rate; the company has not provided an Australian-dollar equivalent in this update.
The dividend went ex-distribution on 8 September, with the record date on 9 September. Shareholders who did not elect to participate in the DRP default to a cash payment, while the plan is available only to holders with registered addresses in New Zealand or Australia.
Cash Versus New Shares
For participating holders, the announcement removes the remaining uncertainty over how the dividend will translate into new equity. The NZ$3.4012 price, rather than the cash amount alone, will determine the number of shares issued on 24 September, with fractional entitlements handled under the DRP’s terms.
The filing is an update to Channel Infrastructure’s 28 August announcement rather than a change to the dividend itself. The immediate points to track are the Australian-dollar dividend equivalent, due for release on 18 September, and the scale of new shares created through reinvestment.
Bottom Line?
The dividend amount is unchanged, but the NZ$3.4012 issue price will determine how much new equity the DRP adds on 24 September.
Questions in the middle?
- What Australian-dollar equivalent will apply to the NZ$0.0725 dividend?
- How many shareholders will choose shares rather than cash under the DRP?
- What level of new equity will be issued when the plan settles on 24 September?