Woolworths Group Limited pays an Interim dividend in late April and a Final Dividend in early October.
Woolworths Group currently operates a Dividend Reinvestment Plan (DRP) which provides shareholders with a convenient method of reinvesting all or part of their dividends to obtain additional shares in the company, without having to pay the cost of brokerage.
Participation in the DRP is optional, but the registered address of your shareholding must be in Australia or New Zealand. There is currently no minimum or maximum number of shares required for participation.
The Board has the discretion to determine whether a discount will apply in respect of a particular dividend and, if so, the level of discount (subject to a maximum discount specified in the DRP rules of 10%). In April 2016, the company introduced a 1.5% discount on the DRP. The discount will remain in place for the April 2018 interim dividend. The discount will not apply to the October 2018 final dividend and for the foreseeable future.
Positive cash balances on DRP accounts are carried forward and applied to the next dividend paid by the Company.
Please click on the link here to view a copy of the Dividend Reinvestment Plan Rules.
DRP Application Forms are available from the Woolworths Share Registry,
Link Market Services on 1300 368 664.