Key Highlights

  • The AUD 0.134 per-security final distribution is scheduled to trade ex-dividend on 06-Oct 2026.
  • The payment is 100% franked and is scheduled for 21-Oct-26.
  • At the stated price of AUD 16.88, the current Dividend data indicates a Yield of 0.79% for this distribution.
  • Reece reported FY2026 sales Revenue of AUD 9.4 billion, up 4.5%, while EBITDA was flat at AUD 901 million and NPAT declined 2.8% to AUD 308 million.

Reece Ltd (ASX:REH) is approaching an important income date, with its final distribution due to trade ex-dividend on 06-Oct 2026. The payment is AUD 0.134 per security, carries 100% franking and is scheduled to reach eligible holders on 21-Oct-26. At the quoted price of AUD 16.88, the current dividend data places the indicated yield at 0.79%. 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 plumbing and building-products distributor.

Reece distributes plumbing, waterworks and HVAC-R products through a large branch network in Australia, New Zealand and the United States. The group serves residential and commercial customers and continues to invest in digital tools and network capability.

Reece’s Final Dividend Follows a Mixed FY26

Reece reported FY2026 sales revenue of AUD 9.4 billion, up 4.5%, while EBITDA was flat at AUD 901 million and NPAT declined 2.8% to AUD 308 million. ANZ sales rose 8.3% to AUD 4.2 billion and US sales increased 6.5% to US$3.5 billion. The 13.4-cent fully franked final dividend trades ex-dividend on 6 October. For REH, that makes the coming ex-date relevant for shareholders considering the timing of the final payment, while the broader Investment case still rests on the company’s operating or portfolio performance. For REH, an ex-dividend date determines entitlement mechanics; it does not by itself indicate whether the next distribution will be higher, lower or unchanged.

ANZ Growth Offsets a Tougher US Backdrop

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

The 2030 Strategy Remains the Longer-Term Test

Franking is another element of the October payment. For REH, 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 0.134 per security. For REH, 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 as FY27 Develops

Reece’s FY27 progress will be shaped by ANZ volumes, US residential construction, network productivity and cost control. Management’s 2030 strategy also places weight on digital capability and customer experience, so investment levels need to be judged against the returns they generate.

For REH holders, a: The ex-dividend date in the current dividend timetable is 06-Oct 2026.