ASX sets FY26 final dividend at 104.7 cents per share, with DRP take-up at 31.06% and partial underwriting
AI Market Summary
ASX Limited detailed its FY26 final dividend (104.7 Australian cents per share) and Dividend Reinvestment Plan mechanics, including 31.06% participation and discounted issuance, with Barrenjoey underwriting part of the shortfall to lift effective reinvestment coverage to 50%. The update is primarily capital-management and dilution-related, improving certainty of DRP execution but carrying limited broader market read-through.
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ASX Limited has released details of its FY26 final dividend of 104.7 cents per share, payable on 21 September 2026. The company said 31.06% of shareholders elected to participate in the dividend reinvestment plan, representing $63.56 million of the $204.6 million total dividend. New DRP shares will be issued at a 2.5% discount to the nine-day average market price. Barrenjoey Markets Pty Limited will underwrite 18.94% of the dividend, lifting overall DRP coverage to 50%.
