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Commonwealth Bank prices dividend

Commonwealth Bank prices dividend

Commonwealth Bank of Australia (ASX:CBA) has announced it will pay out a full-year dividend of $1.70 per share on October 1.

The dividends, which will amount to $2.6 billion, will be fully franked at the company tax rate of 30%.

The company added that shares purchased on market under its dividend reinvestment plan will be transferred at a price of $51.75. Just over 25% of shareholders participated in the plan.

CBA shares are today trading 0.23% lower at $52.500.

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Tags commonwealth bankbankingdividendsASX:CBA

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