ASX Dividend Watch: WBC and FGG Approach Fully Franked June Payouts

Aditi Sarkar

08 May 2026 08:26 PM AEST

ASX Dividend Watch: WBC and FGG Approach Fully Franked June Payouts

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Key Highlights

Westpac Banking Corporation (ASX:WBC) declared an Interim Dividend of AUD 0.77 per share with 100% franking.
Future Generation Global Limited (ASX:FGG) announced a fully Franked Dividend of AUD 0.03 per share.
WBC shares trade ex-dividend on 8 May 2026, while FGG goes ex-dividend on 11 June 2026.
Both companies are scheduled to pay dividends on 26 June 2026.
Future Generation continues combining Investment returns with philanthropic contributions across Australia.

Westpac Banking Corporation (ASX:WBC) and Future Generation Global Limited (ASX:FGG) are drawing investor attention as their upcoming dividend schedules approach, with both companies set to deliver fully franked distributions later this year.

Dividend-paying stocks often gain increased focus around ex-dividend periods as investors assess income opportunities, franking benefits, and portfolio positioning. In the case of WBC and FGG, both companies have confirmed June 2026 payment dates, although their ex-dividend timelines differ.

Westpac Declares Fully Franked Interim Dividend

Westpac Banking Corporation (ASX:WBC) announced an interim dividend of AUD 0.77 per ordinary share relating to the six-month reporting period ending 31 March 2026.

The bank confirmed the dividend will be 100% franked, continuing the trend of major Australian banks providing shareholders with fully franked income distributions. WBC shares trade ex-dividend on 8 May 2026, meaning investors must hold shares before that date to remain eligible for the payment.

The Record Date has been set for 11 May 2026, while the payment date is scheduled for 26 June 2026. The Dividend Reinvestment Plan (DRP) election date falls on 12 May 2026 at 5:00 PM.

Westpac remains one of Australia’s largest banking institutions and is widely followed by income-focused investors due to its established dividend profile and exposure to the domestic financial sector.

Future Generation Global Prepares June Distribution

Future Generation Global Limited (ASX:FGG) has also confirmed a fully franked dividend, announcing a distribution of AUD 0.03 per share for the six-month reporting period ending 31 December 2025.

FGG shares are expected to trade ex-dividend on 11 June 2026, with a record date of 12 June 2026. Shareholders are scheduled to receive payment on 26 June 2026, matching Westpac’s payout date.

The DRP election date for FGG has been set for 16 June 2026 at 5:00 PM.

FGG operates as a listed investment company focused on providing shareholders exposure to global fund managers while also supporting philanthropic initiatives. Alongside Future Generation Australia (ASX:FGX), the company combines investment returns with social impact contributions through donations to Australian not-for-profit organisations.

Future Generation’s Dual Investment and Social Model

Future Generation stated that its network of leading fund managers collectively manages approximately AUD 1.4 billion in Assets on a pro bono basis, with management and performance fees waived.

This structure allows the Future Generation companies to donate 1% of average net tangible assets annually to social impact partners and charitable organisations. Since inception, the group has donated AUD 100 million to Australian not-for-profit organisations.

The organisation further expanded its platform in December 2024 with the launch of Future Generation Women, an unlisted trust focused on supporting gender equality initiatives while targeting investment returns through income and Capital growth.

Dividend Dates Remain Key for Income Investors

Upcoming ex-dividend dates often become important milestones for investors seeking dividend income and franking credits. Under the ASX settlement framework, investors generally need to purchase shares before the ex-date to qualify for the upcoming dividend payment.

Westpac’s ex-date arrives immediately on 8 May 2026, while Future Generation Global’s ex-date falls later on 11 June 2026.

Both companies are scheduled to distribute payments on 26 June 2026, positioning the end of June as a notable income period for eligible shareholders.

About the Companies

Westpac Banking Corporation (ASX:WBC) is one of Australia’s major banking groups, providing retail, Business, institutional, and Wealth Management services across Australia and New Zealand.

Future Generation Global Limited (ASX:FGG) is a listed investment company offering investors exposure to global fund managers while directing a portion of assets toward Australian social impact and charitable initiatives.

FAQs

Q: What is the upcoming dividend announced by Westpac Banking Corporation (ASX:WBC)?

A: Westpac Banking Corporation (ASX:WBC) announced a fully franked interim dividend of AUD 0.77 per share for the six-month period ending 31 March 2026.

Q: When is the ex-dividend date for Westpac (ASX:WBC)?

A: Westpac shares will trade ex-dividend on 8 May 2026. Investors generally need to hold shares before this date to qualify for the dividend payment.

Q: What dividend has Future Generation Global Limited (ASX:FGG) announced?

A: Future Generation Global Limited (ASX:FGG) declared a fully franked dividend of AUD 0.03 per share for the six-month period ending 31 December 2025.

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