Editors Note: An earlier version of this article incorrectly stated that the CBA dividend payment date is 29 November 2021. The correct payment date is 29 September 2021.
The Commonwealth Bank of Australia (ASX: CBA) dividend is always a hot topic among investors who hold CBA shares. And that's particularly true this time of year.
Excitingly, the bank released its full-year results this morning, and within them is all the information shareholders need to know about the incoming dividend.
We've laid it all out for you below.
What you need to know about CBA's dividend dates
Commonwealth Bank released the details of its final dividend today. The dividend will see the bank handing its shareholders $2 for every CBA security they hold. CBA can now boast a dividend yield of 3.24%. It also means Commonwealth Bank will soon have given out $3.50 worth of dividends for the 2020 financial year.
Here are the important dates CBA shareholders need to know:
- The ex-dividend date will be 17 August 2021.
That's when investors must have finalised their purchase of CBA shares or miss out on the dividend.
- The record date for CBA's final dividend is 18 August 2021.
That's the date by which shareholders have to be on the company's books to receive their dividend payout.
- The payment date for the Commonwealth Bank dividend will be 29 September 2021.
That's when investors will see $2 deposited in their bank account for each CBA share they hold.
It probably won't surprise CBA shareholders, but the bank's upcoming dividend is fully franked at 30%. Meaning it might help reduce the amount of income tax shareholders need to pay.
Commonwealth Bank share price snapshot
Today saw the Commonwealth Bank share price hit a record high of $109.03 in intraday trade.
It has since dropped back to $107.95, 1.3% higher than its previous close.
That sees the bank's shares trading for 31% more than they were at the start of 2021. They've also gained 44% since this time last year.