Bendigo Bank Locks In $10.31 Price for Dividend Reinvestment
Bendigo and Adelaide Bank has confirmed a $10.31 reinvestment price for its 33-cent fully franked dividend, payable on 30 September. The update does not change the dividend amount, but fixes the price at which participating shareholders will receive additional shares.
- 33-cent fully franked dividend confirmed
- $10.31 Dividend Reinvestment Plan price
- No discount applied to reinvested shares
- Cash payment remains the default option
- Dividend payable on 30 September 2026
Bendigo Bank Fixes Reinvestment Price
Bendigo and Adelaide Bank Limited (ASX:BEN) has set the price for its Dividend Reinvestment Plan at $10.31 per share, removing the last open detail from its 24 August dividend announcement. The price applies to shareholders who elect to reinvest their distribution rather than receive cash.
The bank’s ordinary dividend remains 33 cents per share, fully franked at the 30% corporate tax rate. It is scheduled to be paid on 30 September 2026, with the distribution relating to the six months ended 30 June 2026.
No Discount for Participating Shareholders
The $10.31 DRP price is based on the arithmetic average of Bendigo shares’ daily volume-weighted average prices across the 10 trading days from 8 to 21 September. No discount has been applied, so the reinvestment price is determined solely by that stated market-price formula.
Shareholders who do not elect to participate default to a cash payment. Those who do participate will receive newly issued shares on 30 September, ranking equally with existing ordinary shares from the issue date. The filing does not disclose how many shares the DRP is expected to create or the resulting effect on the total share count.
Dividend Timetable Nears Completion
The record date was 2 September and the shares traded ex-dividend from 1 September, meaning the economic entitlement has already been established. The remaining practical question is how many holders choose reinvestment at $10.31 rather than take the fully franked cash distribution, a figure that will determine the scale of any incremental share issuance.
Bottom Line?
The dividend amount is unchanged; attention now shifts to the 30 September allotment and the number of shares created through the DRP.
Questions in the middle?
- How many shareholders will choose reinvestment instead of cash at $10.31?
- What total number of new shares will the DRP issue on 30 September?
- How will the additional shares affect Bendigo’s share count after allotment?
