Dividends and Distributions information
Dividends (and some Distributions) paid by Bendigo and Adelaide Bank are expected to be franked. Under this system shareholders receive a credit for their proportion of the tax paid by the bank. You can use this system to offset your own tax liability.
Where applicable, the amount of franking credit received, in addition to the amount of dividend or distribution, should be included in your assessable income. However, a rebate is allowed in the tax payable to the extent of the franking credit. Details of the payment and franking credits will be forwarded to you with each dividend or distribution payment.
Other alternatives available to you
Dividend Reinvestment Plan (DRP)
Instead of receiving your dividend in cash, the DRP allows you to use all or part of the amount available to purchase additional shares that rank equally with other ordinary shares.
You will be advised of the shares allotted and the franked amount involved.
Elections to participate in the DRP can be made directly through the Online Share Registry for those who are registered users of Link Market Services.
- Log in under ‘Registered User Login’,
- Go to ‘Payment Instructions’
- and then ‘Reinvestment & Donations’ to update your participation preference.
- If you are not a registered user you can register by selecting “Register Now”
To participate in the DRP you must agree to the terms and conditions of the plan.
For more information on how to change your DRP elections, please contact Bendigo and Adelaide Share Registry.
If you elect to receive your dividend paid in cash, you will need to notify the Bank’s share registry of your nominated bank account details.
NOTE: Effective 1 January 2020, all dividend and interest cash payments are now made via direct credit into a shareholder’s nominated financial institution account. No cheque payments are made to shareholders.
Update your dividend instructions
https://investorcentre.linkgroup.com/ (new users will need to register using your SRN/HIN)
Share Registry – Link Market Services Group Limited, GPO Box 3993 Sydney NSW 2001
The Bank’s Share Registry, Link Market Services Group Limited, Level 12, 680 George Street, Sydney NSW 2000