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Coles Group Ltd (ASX: COL) Share Price and News

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Coles Group Limited (COL, formerly Coles Myer Limited) is an Australian public retail company, providing customers with everyday products including fresh food, groceries, household goods, liquor, fuel and financial services via its store network and online platforms.

Originally Australia’s second largest retailer (behind Woolworths Limited) Coles was acquired by Wesfarmers in 2007. Coles Group was spun-off from Wesfarmers in 2018 and Coles shares re-listed on the ASX at that time. Coles Group includes Coles Supermarkets, Coles Express and Coles liquor division.

The Coles brand is a household name in Australia – as at 30 June 2018, Coles processed more than 21 million customer transactions on average each week and operated 2,507 retail outlets nationally.

Coles Group Ltd (ASX: COL) Latest News

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Goldman Sachs names the ASX retail shares to buy and the ones to avoid

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How do I buy or sell Coles Group shares?

If you wish to purchase Coles Group shares on the Australian Securities Exchange, you will need to do so through a broker.

Does Coles Group offer a dividend reinvestment plan (DRP)?

Yes. Coles Group introduced a Dividend Reinvestment Plan (DRP) in September 2019. Participation is optional and shareholders may elect either full or partial participation. The plan is open to shareholders residing in Australia and New Zealand only.

How much did Coles float for?

Following the demerger from Wesfarmers in November 2018, Coles once again listed on the ASX as a public company, with shares debuting at $12.49 per share.

Will Coles pay a dividend in 2020?

Coles typically pays fully franked dividends in late March and towards the end of September. Coles paid an interim dividend of 30 cents per share on 27 March 2020. In additional to the Aussie supermarket giant’s final dividend paid on 26 September 2019, Coles also paid a special dividend of 11.5 cents per share at this time.