ANZ Declares 83 Cents Final Dividend with DRP Discount Incentive

ANZ’s Dividend Announcement in Context

ANZ Group Holdings Limited has confirmed its 2025 final dividend at 83 cents per share, maintaining a strong commitment to returning value to shareholders. The dividend is partially franked at 70%, reflecting the company’s ongoing profitability and tax position, and includes New Zealand imputation credits of 13 cents per share, underscoring ANZ’s trans-Tasman operations.

The announcement aligns with ANZ’s established dividend policy, providing investors with a predictable income stream while balancing capital management. The partial franking indicates that a portion of the dividend is tax-paid at the corporate level, which can be advantageous for Australian resident shareholders.

Dividend Reinvestment and Bonus Option Plans Continue

ANZ has also confirmed the continuation of its Dividend Reinvestment Plan (DRP) and Bonus Option Plan (BOP) for this final dividend. These plans allow shareholders to reinvest their dividends into additional shares, often at a discount, rather than receiving cash. For the 2025 final dividend, a 1.5% discount will apply to the acquisition price of new shares issued under these plans, providing an incentive for shareholders to increase their holdings.

The pricing period for the DRP and BOP will span 10 trading days, covering both the ASX and Cboe Australia trading platforms, ensuring broad market coverage. Shareholders wishing to participate or adjust their participation must notify ANZ’s share registrar, Computershare, by 5, 00 pm AEDT on 17 November 2025.

Key Dates and Participation Details

The ex-dividend date is set for 13 November 2025, with the record date following on 14 November. Dividend payments and share allotments under the DRP and BOP will occur on 19 December 2025. This timeline provides shareholders with a clear window to make decisions regarding their dividend options.

Notably, shareholders resident in the United States, its territories, or Canada are excluded from participating in the DRP and BOP, reflecting regulatory and tax complexities in those jurisdictions. Australian resident shareholders are reminded to provide their Tax File Number or relevant exemptions to avoid withholding tax on the unfranked portion of the dividend.

Implications for Investors

For investors, ANZ’s dividend announcement signals continued financial stability and shareholder-friendly policies. The modest discount on the DRP and BOP may encourage reinvestment, potentially supporting the share price by increasing demand. However, the partial franking level and exclusion of certain international shareholders from reinvestment plans highlight ongoing tax and regulatory considerations.

As the dividend payment date approaches, market participants will watch for any shifts in shareholder participation rates in the DRP and BOP, which could influence ANZ’s capital position and share liquidity. Overall, the announcement reinforces ANZ’s steady approach to balancing shareholder returns with prudent capital management.