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Bendigo & Adelaide Bank ( (AU:BEN) ) has provided an announcement.
Bendigo and Adelaide Bank has announced a new quarterly distribution for its BENPI Capital Note 3, a perpetual, non-cumulative, floating-rate security paying BBSW plus a 3.20% margin. The bank set a cash distribution of AUD 1.33 per note for the quarter ending 14 June 2026, with an ex-date of 1 June, record date of 2 June, and payment scheduled for 15 June 2026.
The distribution applies to holders of BENPI notes on the record date and reflects the ongoing cost of hybrid capital funding in the bank’s capital structure. This payment timetable provides income visibility for hybrid security investors and signals continued use of these instruments as part of the bank’s broader funding and regulatory capital management strategy.
The most recent analyst rating on (AU:BEN) stock is a Sell with a A$10.40 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 banking and financial services provider listed on the ASX under the code BEN. The group offers a range of retail and business banking products and funding instruments, including capital notes issued to wholesale and retail investors seeking income-linked securities.
Average Trading Volume: 1,578,356
Technical Sentiment Signal: Hold
Current Market Cap: A$5.68B
Learn more about BEN stock on TipRanks’ Stock Analysis page.