Scentre Group Declares AUD 0.08815 Unfranked Dividend with DRP for H1 2025
Scentre Group has announced an ordinary dividend of AUD 0.08815 per security for the half-year ended 30 June 2025, payable on 29 August. The dividend is fully unfranked and includes a Dividend Reinvestment Plan with no discount.
- Ordinary dividend of AUD 0.08815 per security for H1 2025
- Dividend is fully unfranked, payable 29 August 2025
- Dividend Reinvestment Plan (DRP) available with no discount
- Securityholders can elect payment in AUD or NZD
- Half-year financial results to be announced 26 August 2025
Dividend Announcement Overview
Scentre Group (ASX – SCG), a leading real estate investment trust focused on retail property, has declared an ordinary dividend of AUD 0.08815 per security for the half-year ended 30 June 2025. This dividend will be paid on 29 August 2025, with the ex-dividend date set for 14 August and the record date on 15 August.
The dividend is fully unfranked, meaning it does not carry any franking credits. This is consistent with the group's recent dividend policy and reflects the tax status of its income streams. Investors should note that the tax components of the distribution will be detailed in the annual tax statement expected in March 2026.
Dividend Reinvestment Plan Details
Scentre Group continues to offer a Dividend Reinvestment Plan (DRP) for this distribution. Eligible securityholders; those with registered addresses in Australia or New Zealand; can elect to reinvest their dividends into new stapled securities rather than receive cash. The DRP will be priced based on the volume weighted average price (VWAP) of the securities over five trading days starting 18 August 2025, with no discount applied.
The deadline for DRP election is 18 August 2025 at 5 – 00 pm. If securityholders do not make an election, the default option is to receive the dividend in cash. The new securities issued under the DRP will rank equally with existing securities from the issue date.
Currency Options and Payment Flexibility
In a nod to its investor base, Scentre Group allows securityholders to choose their preferred currency for dividend payments. While distributions are ordinarily paid in Australian dollars, investors with valid requests can receive payments in New Zealand dollars. This flexibility caters to the group's significant New Zealand securityholder segment and reflects a growing trend among ASX-listed entities to accommodate cross-border investors.
Looking Ahead to Financial Results
The dividend announcement comes ahead of Scentre Group's half-year financial results, scheduled for release on 26 August 2025. This report will provide a fuller picture of the group's operational performance and financial health, potentially influencing investor sentiment and future dividend expectations.
Investors should watch for the final confirmation of the dividend amount on the results day, as well as the official DRP pricing. The unfranked nature of the dividend and the absence of a DRP discount may also be factors in portfolio income strategies.
Bottom Line?
As Scentre Group prepares to release its half-year results, investors will be keen to see how operational performance aligns with this steady dividend payout and what it signals for future income streams.
Questions in the middle?
- Will the upcoming half-year results confirm or adjust the dividend guidance?
- How will the fully unfranked dividend impact different investor tax profiles?
- What level of participation is expected in the DRP given the absence of a discount?
