Key Highlights

  • CBA's next ex-dividend date is 17 February 2027, with a Record Date of 18 February.
  • The amount will be announced with half-year results on 10 February.
  • The FY26 Dividend totalled $5.05 per share, fully franked.
  • The 11 November trading update is the next scheduled disclosure before the interim decision.

Commonwealth Bank of Australia (ASX:CBA) has set 17 February 2027 as its next ex-dividend date on the ASX dividend calendar, with a record date of 18 February and payment on or around 1 April 2027. While other major banks are paying final dividends this November and December, CBA's June financial year end places it on a different cycle. Its most recent final dividend of $2.70 per share, fully franked, was paid on or around 29 September 2026, and the Interim Dividend amount will be announced on 10 February 2027.

The FY27 Dividend Calendar

CBA's financial calendar sets out dates for the entire year ahead. Half-year results and the interim dividend announcement are scheduled for 10 February 2027. The ex-dividend date is 17 February, the record date is 18 February, the deadline for Dividend reinvestment plan elections is 19 February and payment is on or around 1 April.

The final dividend follows the same pattern, with results on 11 August 2027, an ex-dividend date of 18 August, a record date of 19 August and a reinvestment plan deadline of 20 August. Payment is due on or around 1 October 2027. The 2027 Annual General Meeting is scheduled for Perth on 13 October 2027. The bank says it may alter these dates and will advise the ASX of any changes.

The Most Recent Payments

CBA paid a total dividend of $5.05 per share for FY26, fully franked. This included an interim dividend of $2.35 and a final dividend of $2.70. The final dividend's ex-dividend date was 19 August 2026, with a record date of 20 August, and it was paid on or around 29 September. The bank's cash net profit from continuing operations was $10,982 million, up 7%.

That result also showed a CET1 Capital ratio of 12.0%, down 30 basis points but well above the 10.25% minimum required by APRA. Chief executive Matt Comyn told the annual general meeting on 14 October that the bank enters FY27 from a position of strength, with cash Earnings Per Share having increased by 44 cents.

The Next Information Points

Before the interim dividend is declared, the bank's first-quarter trading update on 11 November 2026 will provide some early information on income, costs and Credit quality. Companies do not usually set dividends at these updates, but the content can influence expectations. The bank's FY27 investment spend is expected to hold at $2.4 billion, and that is a known element of costs.

The half-year result on 10 February 2027 will provide the full financial picture. By that time, investors will have seen the effects of any additional rate moves and how arrears have developed. CBA reported home Loan arrears of 0.73% at FY26, up 10 basis points on the prior half. Credit quality and capital are likely to be important inputs into the board's decision.

How CBA Differs From Other Major Banks

Westpac, National Australia Bank and ANZ all have September year ends, so they pay final dividends in December and interim dividends in mid-year. CBA pays in late March or early April and in late September or early October. Investors who hold the four majors therefore receive payments spread across the calendar year rather than all at once, although three of the four cluster together.

The comparison also extends to payouts. Westpac's total dividend for FY26 was 154 cents per share and National Australia Bank's was $1.70. ANZ's total will be known after 9 November. Dividend per share figures are not directly comparable, as each company has a different share count and earnings base. Payout Ratio and franking provide additional context for analysis.

The Rate and Inflation Environment

The Reserve Bank's cash rate rose to 4.85% on 3 November 2026, and the bank's next dividend decision will be made in a period of higher rates. CBA will raise variable home loan rates by 0.25 percentage points from 13 November. Annual inflation was 4.3% in September, and the Reserve Bank forecasts Unemployment to reach 4.7% by December 2026.

These factors can influence bank earnings in several ways, including margins, lending Demand and credit costs. CBA's net interest Margin was 2.05% in FY26. Any changes in the margin will be examined in the first-quarter update, and the half-year result will show how they translate to profit. Dividend capacity is ultimately a function of earnings and capital across a bank's reporting periods.

What to Watch Next

The upcoming milestones are the trading update on 11 November 2026, the half-year result on 10 February 2027 and the ex-dividend date on 17 February. Shareholders who participate in the dividend reinvestment plan should note the 19 February election deadline. The dividend amount and its franking level will be confirmed with the results, while the timetable may change if the bank advises the ASX.

Dividend calendars can also help investors understand how ex-dividend adjustments might affect index levels, particularly given CBA's weight in the market. Because of its size, CBA's ex-dividend date is one of the more noticeable events on the Australian calendar. Shareholders considering any tax strategy should note that holding-period rules apply to franking credits, and these may require advice specific to their circumstances.

Dividend reinvestment plans at CBA usually have a separate election deadline, and the calendar has confirmed these dates for both of the coming dividends. Shareholders using the plan should make sure any changes are lodged before the deadline.

Key Takeaways

CBA's next ex-dividend date is 17 February 2027, with a record date of 18 February and payment on or around 1 April. The amount will be announced with half-year results on 10 February. The FY26 dividend totalled $5.05 per share, fully franked. The trading update on 11 November 2026 is the next scheduled disclosure before the interim decision.