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Bendigo & Adelaide Bank ( (AU:BEN) ) just unveiled an update.
Bendigo and Adelaide Bank Limited has applied for quotation on the ASX of 11,799,036 new fully paid ordinary shares under its dividend or distribution plan, with an issue date of March 31, 2026. The additional shares will expand the bank’s listed equity base and reflect ongoing use of equity-based distribution mechanisms, which may slightly dilute existing holdings while supporting capital management objectives.
The application formalizes the admission of these securities to trading under the existing BEN ticker, ensuring the new shares are fully fungible with the bank’s current ordinary stock. This step maintains transparency for investors regarding changes in the bank’s share capital and facilitates orderly trading of the newly issued securities on the ASX.
The most recent analyst rating on (AU:BEN) stock is a Hold with a A$10.00 price target. To see the full list of analyst forecasts on Bendigo & Adelaide Bank stock, see the AU:BEN Stock Forecast page.
More about Bendigo & Adelaide Bank
Bendigo and Adelaide Bank Limited is an Australian financial institution listed on the ASX under the code BEN. The bank operates in the banking and financial services industry, offering a range of retail and business banking products to customers across Australia.
YTD Price Performance: 1.52%
Average Trading Volume: 1,779,144
Technical Sentiment Signal: Buy
Current Market Cap: A$5.89B
For an in-depth examination of BEN stock, go to TipRanks’ Overview page.