Suncorp Declares AUD 1.2825 SUNPJ Quarterly Distribution
suncorp Group declared a fully franked quarterly distribution of AUD 1.2825 per security on its SUNPJ capital notes, with the cash payment due on 17 September 2026. Holders face a 3 September 2026 record date, which sets who receives the payout.
The SUNPJ notes are perpetual, non-cumulative, floating-rate hybrid securities referenced to the three-month bank bill swap rate plus a 2.8% margin. For investors, that means the return moves with the underlying benchmark rather than staying fixed.
SUNPJ payout set at AUD 1.2825
AUD 1.2825 per security is the quarterly distribution Suncorp Group declared for the SUNPJ capital notes. The payment is fully franked and covers a 92-day period, giving holders a cash return that reflects the note's floating-rate structure.
5.088% annualised is the after-tax rate reflected in the distribution. That figure comes from the current pricing formula rather than a discretionary dividend decision, because the notes are tied to the three-month bank bill rate and a 2.8% margin.
17 June 2026 rate input
4.4685% was the three-month bank bill rate used in the calculation as at 17 June 2026. Together with the 2.8% margin, it produced the stated distribution on the 92-day period, giving holders a payout tied to short-term funding conditions.
Suncorp Group Limited is an Australian financial services group listed on the ASX, operating primarily in banking and insurance. It uses hybrid capital securities to support its funding and regulatory capital needs, so the SUNPJ notes sit at the point where investor income and balance-sheet funding meet.
3 September 2026 record date
3 September 2026 is the record date that determines entitlement to the quarterly payment. Investors who hold the notes by that date are positioned for the 17 September 2026 distribution, which is the next cash event in the sequence.
The practical takeaway is straightforward: the return is set, the entitlement date is fixed, and the cash arrives two weeks later. For SUNPJ holders, the relevant numbers are AUD 1.2825, 3 September 2026, 17 September 2026, and the 4.4685% benchmark that fed the calculation.
