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.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Error: Please check your email address.

Tags commonwealth bankbankingdividendsASX:CBA

Show Comments