Commonwealth Bank of Australia (ASX: CBA) shares investors just got a little richer, with dividends landing in their accounts today.
CBA will pay a fully franked interim dividend of $2.25 per share today.
Investors who chose to participate in CBA's dividend reinvestment plan (DRP) will also receive their extra stock allocations today.
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CBA investors receive dividends or new shares today
Under DRPs, shareholders give companies the authority to reinvest their dividends in more shares instead of receiving a cash payment.
Each company has its own process for calculating the DRP share price for each round of dividends.
As we've reported, CBA used the average of the daily volume-weighted average market price of CBA shares sold on the ASX or Cboe over 20 days between 24 February and 21 March to determine an FY25 interim DRP price of $149.89.
CBA shares are currently 0.05% lower at $149.65 on Friday, while the S&P/ASX 200 Index (ASX: XJO) is up 0.33%.
What does CBA want shareholders to know?
On the day that CBA released its 1H FY25 results, the bank's chair, Paul O'Malley, and CEO, Matt Comyn, sent a letter to shareholders.
In the letter, the bank bosses outlined ways in which CBA assisted customers during the half.
This included $21 billion in new lending to businesses and issuing 70,000 new mortgages for home purchases.
The bank paid $11 billion in interest to savings account holders.
CBA also helped more than 65,000 customers experiencing hardship who had applied for help with tailored payment plans.
O'Malley and Comyn said the bank had invested more than $450 million during 1H FY25 to protect customers from scams.
They commented:
To protect our customers from the ever-growing threat of fraud, scams, and financial and cyber crime, our continued investment has helped reduce customer scam losses by more than 70% over two years.
We recently joined the 'BioCatch Trust' pilot, a world-first inter-bank network, which allows us to share device- and behavioural-based intelligence in real-time before a payment is made by a customer.
Should you buy CBA shares?
The CBA share price has risen 24% over the past 12 months compared to a 1% bump for the ASX 200.
The consensus rating on CBA shares among analysts on the CommSec trading platform is a strong sell.
Of the 14 analysts rating the ASX 200 bank stock, nine give it a strong sell and four rate it a moderate sell.
One analyst has a hold rating on CBA.
