AUD 0.435 Dividend and $23.651 DRP Price Confirmed
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3:58pm on Tuesday 22nd of September, 2026 AEST ~3pm, 22nd Sept, 26
CAR Group has confirmed a DRP price of AUD 23.651 for its 43.5-cent ordinary dividend, payable on 12 October. The distribution is 30% franked and will be issued at no discount to participating shareholders.
- AUD 0.435 dividend per share
- 30% franked distribution
- AUD 23.651 DRP price with no discount
- Payment and DRP issue date set for 12 October
- Participation generally limited to Australian and New Zealand shareholders
DRP Price Confirmed at AUD 23.651
CAR Group Limited (ASX:CAR) has filled in the missing piece of its previously announced shareholder distribution, setting the Dividend Reinvestment Plan price at AUD 23.651 per share. The update is administrative rather than a change to the dividend itself, but it gives participating investors the precise price at which their cash entitlement will be converted into CAR shares.
The ordinary dividend is AUD 0.435 per share for the six months ended 30 June 2026. It is 30% franked, comprising an AUD 0.1305 franked component and AUD 0.3045 unfranked component. The payment date is 12 October 2026, with the record date having been 14 September and the ex-dividend date 11 September.
No Discount for Reinvesting Shareholders
CAR Group says the DRP price was calculated from the daily volume-weighted average sale price of its shares over the five trading days after, but excluding, the record date. The plan carries no discount, so the AUD 23.651 price is based on the relevant market trading data rather than an incentive price set below it.
Shareholders who did not elect to participate by 15 September defaulted to a cash payment. Those who did elect will receive newly issued shares on 12 October, with the plan generally open only to holders whose registered address is in Australia or New Zealand unless the board determines otherwise.
Payment Date Now the Key Milestone
For investors, the remaining practical question is execution: whether the cash distribution and DRP shares are delivered on the scheduled 12 October date. The update does not alter the dividend amount, franking mix or timetable; it simply completes the reinvestment terms attached to the earlier notification.
Bottom Line?
The dividend terms are now largely locked in, leaving 12 October as the key date for cash payments and DRP share issuance.
Questions in the middle?
- How many eligible shareholders will choose shares rather than cash at the AUD 23.651 DRP price?
- Will the newly issued DRP shares materially affect CAR Group’s ordinary share count?
- Will the company make any changes to the DRP’s geographic eligibility for future distributions?
