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.