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Commonwealth Bank of Australia announced a final dividend of $2.50 per share for the second half of the financial year ended 30 June 2024.
Commonwealth Bank of Australia will seek to:
The Bank typically announces a dividend with the release of its half year results in February and full year results in August. Dividends are typically paid twice a year, in March (interim dividend) and September (final dividend). Payment dates are listed on the financial calendar.
The Record date is the cut-off date for a dividend. To be eligible to receive the current dividend, you need to be recorded on the share register at 5pm (Sydney/Melbourne time) on the Record date. The Record dates are listed on the financial calendar.
The ex-dividend date occurs one day before the Record date. To be entitled to receive the current dividend, you must purchase shares before the ex-dividend date. If you purchase shares on or after the ex-dividend date, you will not be entitled to receive the current dividend. The ex-dividend dates are listed on the financial calendar.
Your dividend will be paid to you by direct credit and deposited into your nominated bank account. Payment by direct credit applies to all shareholders with registered addresses in Australia, New Zealand or the United Kingdom (made in AUD, NZD or GBP respectively).
Dividend statements are available on the Link Market Services Investor Centre, and can be received via email or post.
To change your nominations, please log in to the Link Investor Centre or contact Link by email or phone.
If your registered address is not in Australia, New Zealand or the United Kingdom, you can choose to have your dividend paid:
Transition to OFX
Shareholders who currently receive their payments in Fiji Dollar, Swiss Franc, Euro, Hong Kong Dollar, Singapore Dollar or US Dollar, will continue to receive those currencies for dividends paid up to 31 December 2024. Shareholders who wish to continue receiving their payments in a currency other than AUD, NZD or GBP, will need to create an OFX account before 1 January 2025. Impacted shareholders will be provided with further details in their 28 March 2024 dividend statements.
To update your currency arrangements or nominated bank account details, please log into the Link Investor Centre or contact Link by email or phone.
If you do not provide your bank details by the Record date and you are not a participant in the Dividend Reinvestment Plan, your dividend will be held on your behalf in a non-interest bearing account. Payment of your dividend into your nominated bank account will be made as soon as possible after receipt of your payment instructions.
You are encouraged to keep your bank account details current.
To check or update your bank details, please log in to the Link Investor Centre or contact Link by email or phone.
Dividends paid to Australian shareholders by Australian resident companies are taxed under the imputation system, which means the tax paid by a company may be imputed or attributed to its shareholders.
The imputation system eliminates the double taxation of dividends for Australian shareholders.
Franked dividends have a franking credit attached to them which represents the amount of tax the company has already paid. Franking credits are also known as imputation credits.
Generally, Australian resident shareholders are entitled to receive a credit for any tax the company has paid. If your top tax rate is less than the company's tax rate, the Australian Tax Office will refund you the difference.
An imputation credit is relevant for New Zealand resident taxpayers who meet certain requirements.
CBA seeks to pay dividends on CBA shares and distributions on other CBA securities. These are paid by direct credit into your nominated bank account, unless you are a participant of the Dividend Reinvestment Plan.
Sometimes our shareholders do not claim the dividends or distributions owed to them. For example, this can happen if our shareholders have not kept their contact and bank account details up to date, if they are unaware of their shareholding, or if a shareholder is deceased and information of their holding is not included as part of their estate.
If dividends and distributions remain unclaimed, we will hold these payments in a non-interest bearing account until a valid bank account has been received by our Share Registry, Link Market Services. We will hold unclaimed dividends or distributions for a period of 7 years.
Unclaimed dividends or distributions greater than $500 Australian dollars which are not claimed within 7 years will be remitted to the Australian Securities & Investments Commission (ASIC), as required by law.
Claiming unpaid dividends or distributions within 7 years of the payment date
If you do not provide your bank details by the Record Date and you are not a participant in the Dividend Reinvestment Plan, your dividend or distribution will be held on your behalf in a non-interest bearing account.
Once a valid bank account has been received by our Share Registry, Link Market Services (Link), your dividend or distribution will be paid into your nominated account as soon as possible after receipt of your payment instructions.
All enquiries and requests concerning unpaid dividends or distributions may be directed to Link. You can contact Link by email or phone.
Claiming dividends or distributions for amounts over $500 and more than 7 years after the payment date
To check whether any historical dividends or other distributions are held with ASIC, use the MoneySmart unclaimed money search.
If you have located your details on ASIC's unclaimed money search, you will need to note the following information to lodge your claim with Link:
To lodge your claim, please email Link along with proof of identification and evidence of your right to the funds.
For unpaid dividends or distributions within 7 years of the payment date
Once your nominated bank account has been successfully recorded with Link, outstanding amounts will be paid as soon as possible into your nominated bank account. This is normally within three weeks.
For unpaid dividends or distributions claimed from ASIC
Once your identity has been confirmed and we have verified your claim, and a valid bank account has been supplied to us, ASIC will transfer funds to CBA every four to six weeks, representing the total value of valid claims within the period. Once received from ASIC, we will pay the outstanding amount to your nominated bank account.
To check or update your bank details, please log in to the Link Investor Centre or contact Link by email or phone.
The DRP allows eligible shareholders in Australia and New Zealand to reinvest all or part of their dividends to receive additional shares instead of a cash payment. It is a convenient way to increase your holding of CBA shares, without incurring transaction costs.
Key features of the DRP are:
More information can be found in the DRP Rules.
If you wish to participate in the Commonwealth Bank of Australia’s DRP or update your election - please log in to the Link Investor Centre or contact Link by email or phone.
Dividend history of Commonwealth Bank fully paid ordinary shares.
