What happens to Wesfarmers shares after demerger?
The cost base appointment is based on the market values of the Wesfarmers shares and corresponding Coles shares just after the demerger. … Wesfarmers Shareholders retain their Wesfarmers Shares and Eligible Shareholders received one Coles Share for every Wesfarmers Share held at the Record Date.
How do I know if I have Coles shares?
You can make a holding balance enquiry online by clicking here, or you can contact Computershare either by submitting an online enquiry or by calling the Coles Group Shareholder Information Line on 1300 171 785 or +61 39415 4078 (international).
What dividend is Coles paying?
Dividends
| Period | Description | Dividend per share |
|---|---|---|
| 1H21 | Interim Dividend | 33.0 cents |
| 2H20 | Final Dividend | 27.5 cents |
| 1H20 | Interim Dividend | 30.0 cents |
| 2H19 | Final Dividend | 24.0 cents |
Has Coles split from Wesfarmers?
One year after the demerger of Coles from Wesfarmers, shareholders in both companies are $16 billion richer, vindicating the conglomerate’s decision to spin out the food and liquor retailer into a separately listed company. … “It was a very big and complex demerger, the largest demerger in Australian corporate history.
What was Coles called before?
Founded in 1914 in Collingwood by George Coles, Coles operates 807 supermarkets throughout Australia, including several now re-branded Bi-Lo Supermarkets.
…
Coles Supermarkets.
| Coles logo 2007–present | |
|---|---|
| Type | Public |
| Founded | 1914 (as Coles Variety Stores) |
| Headquarters | Hawthorn East, Victoria , Australia |
Who owns Coles now?
Is Coles a good stock to buy?
Defensive and stable dividends
It’s defensive in nature. … The company has a full franked dividend yield of 3.8% (grossed up to 5.4%). Positively, management expects to maintain its 80-90% payout ratio for the foreseeable future. It’s difficult to find another company with a dividend as high and dependable as Coles.
Who are Coles major shareholders?
The Company sells various products, including fresh food, groceries, household goods, liquor, fuel and financial services through its store network and online platforms.
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2020.
| Name | Equities | % |
|---|---|---|
| Norges Bank Investment Management | 19,095,376 | 1.43% |
| BlackRock Investment Management (Australia) Ltd. | 14,956,168 | 1.12% |