How Will JB Hi-Fi’s Updated NZD Exchange Rate Affect Your Dividend?

Dividend Update and Currency Clarification

JB Hi-Fi Limited has issued an update to its dividend notification originally released on 11 August 2025, providing clarity on the exchange rate applied for dividend payments to New Zealand shareholders. This update ensures transparency around the currency conversion for investors receiving payments in New Zealand dollars.

Dividend Details and Payment Schedule

The company declared a combined dividend of AUD 2.05 per share, comprising an ordinary dividend of AUD 1.05 and a special dividend of AUD 1.00, both fully franked at the corporate tax rate of 30%. The record date for shareholders to be eligible for the dividend is 22 August 2025, with payments scheduled for 5 September 2025.

Currency Arrangements for New Zealand Shareholders

For shareholders residing in New Zealand, dividends will be paid either in Australian dollars or New Zealand dollars depending on the information held by the company's registry. The updated exchange rate used for converting the dividend from AUD to NZD is 1 AUD to 1.0994 NZD. This adjustment reflects current market conditions and ensures that New Zealand investors receive accurate dividend payments in their local currency.

Implications for Investors

The update does not alter the dividend amount but provides essential information for shareholders concerned about currency exposure and the value of their dividend payments. Fully franked dividends also mean that shareholders can benefit from franking credits, reducing their overall tax liability on the dividend income.

JB Hi-Fi’s clear communication on currency conversion rates highlights the company’s commitment to transparency and investor relations, especially for its international shareholder base.