ASX Unveils NZD Dividend Details and DRP Price Ahead of September Payout
ASX Limited has updated its dividend notification to include the New Zealand dollar exchange rate, NZD equivalent dividend amount, and the dividend reinvestment plan price for the first half of FY25.
- Ordinary fully franked dividend of AUD 1.121 per share for six months ending 30 June 2025
- Dividend payment date set for 19 September 2025
- Dividend payments available in AUD or NZD depending on shareholder residency and bank account
- Dividend Reinvestment Plan (DRP) price fixed at AUD 61.99 per share with full DRP participation option
- No external approvals required for dividend payment
Dividend Update and Currency Details
ASX Limited has issued an update to its dividend notification originally released in August 2025, providing important details on the New Zealand dollar (NZD) exchange rate and the NZD equivalent dividend amount per security. The update also confirms the dividend reinvestment plan (DRP) price, offering shareholders clarity on their payment options ahead of the upcoming dividend payment date.
Dividend Payment and Franking Status
The ordinary dividend declared is fully franked at AUD 1.121 per share, relating to the six-month period ending 30 June 2025. The payment date is scheduled for 19 September 2025, with the record date set on 25 August 2025. This fully franked dividend reflects ASX’s continued commitment to returning value to shareholders while maintaining a strong franking credit position.
Currency Options for Shareholders
Shareholders residing in Australia and New Zealand have the flexibility to receive dividend payments in either Australian dollars (AUD) or New Zealand dollars (NZD), depending on their nominated bank accounts. The update specifies an AUD to NZD exchange rate of 1.1089, translating to a NZD equivalent dividend of approximately 1.243 per share. This currency arrangement aims to accommodate cross-border investors and streamline payments in their preferred currency.
Dividend Reinvestment Plan Details
ASX’s Dividend Reinvestment Plan remains fully available for this dividend, with a DRP price set at AUD 61.99 per share. The plan allows shareholders to reinvest their dividends into additional ASX shares without any discount, and participation is open exclusively to shareholders with addresses in Australia or New Zealand. The DRP is expected to be fully neutralised through on-market share purchases, subject to market conditions, ensuring minimal dilution for existing shareholders.
No Approvals Required and Next Steps
Importantly, no external approvals such as security holder, court, or regulatory consents are required for this dividend payment, allowing ASX to proceed smoothly with its distribution timetable. Investors will be watching closely to see how currency fluctuations and DRP participation rates influence the overall shareholder returns and market sentiment in the coming weeks.
Bottom Line?
ASX’s dividend update underscores its shareholder-friendly approach while highlighting currency considerations for trans-Tasman investors.
Questions in the middle?
- How will currency fluctuations impact the actual dividend received by New Zealand shareholders?
- What level of participation will ASX see in the DRP given the zero discount and current share price?
- Could future dividend policies adapt further to accommodate international shareholders’ preferences?
