Key Highlights

  • The AUD 0.498 per-security interim distribution is scheduled to trade ex-dividend on 09-Oct 2026.
  • The payment is 100% franked and is scheduled for 20-Oct-26.
  • At the stated price of AUD 100.06, the current Dividend data indicates a Yield of 0.50% for this distribution.
  • The current dividend timetable shows a fully franked AUD 0.498 interim distribution with an ex-date of 9 October and payment on 20 October.

Commonwealth Bank of Australia (ASX:CBAPJ) is approaching an important income date, with its interim distribution due to trade ex-dividend on 09-Oct 2026. The payment is AUD 0.498 per security, carries 100% franking and is scheduled to reach eligible holders on 20-Oct-26. At the quoted price of AUD 100.06, the current dividend data places the indicated yield at 0.50%. For income-focused investors, the calendar is only one part of the picture: the sustainability of future distributions ultimately depends on the Economics of the underlying Commonwealth Bank Capital note.

CBAPJ is the ASX Code for Commonwealth Bank PERLS XIII, a hybrid capital security rather than CBA ordinary equity. Its distributions are floating-rate, discretionary and subject to the terms of the capital note.

PERLS XIII Approaches a Key October Date

The current dividend timetable shows a fully franked AUD 0.498 interim distribution with an ex-date of 9 October and payment on 20 October. The original PERLS XIII terms also identify 20 October 2026 as an optional Redemption date for CBA, subject to APRA approval and the conditions applying to the security. For CBAPJ, that makes the coming ex-date relevant for shareholders considering the timing of the interim payment, while the broader Investment case still rests on the company’s operating or portfolio performance. For CBAPJ, an ex-dividend date determines entitlement mechanics; it does not by itself indicate whether the next distribution will be higher, lower or unchanged.

Hybrid Income Comes With Different Risk Than Shares

Commonwealth Bank of Australia operates as a Commonwealth Bank capital note. For CBAPJ, the income profile therefore needs to be assessed using measures appropriate to that structure rather than the dividend percentage in isolation. Viewed specifically for CBAPJ, for an operating company, those measures can include earnings, margins, Cash Flow and balance-sheet capacity. Viewed specifically for CBAPJ, for an investment company, NTA, portfolio returns, profit reserves and franking balances can be more informative. Viewed specifically for CBAPJ, for a hybrid security, the contractual terms, issuer discretion and regulatory capital conditions become especially important.

Redemption Terms Matter Alongside the Distribution

Franking is another element of the October payment. For CBAPJ, the stated 100% franking level affects the tax composition of the distribution for eligible Australian investors, although the value of franking credits depends on individual circumstances. The cash amount remains AUD 0.498 per security. For CBAPJ, investors comparing income opportunities may therefore want to separate the cash yield from any potential tax benefit and avoid treating the two as interchangeable.

What to Watch for PERLS XIII Holders

PERLS XIII investors should pay particular attention to CBA’s formal notices around the optional redemption framework, APRA approval and the treatment of the security. Hybrid capital instruments carry conversion, loss-absorption and distribution risks that ordinary deposit products do not.

For CBAPJ holders, a: The ex-dividend date in the current dividend timetable is 09-Oct 2026.