Rural Funds Group Announces Ordinary Dividend for the Quarter Ending June 30, 2023, Payable on July 31, 2023
June 01, 2023 at 08:48 am IST
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Rural Funds Group announced ordinary dividend of AUD 0.02932500 for the quarter ending June 30, 2023. The dividend is payable on July 31, 2023 with record date of June 30, 2023 and ex-date of June 29, 2023.
Rural Funds Group is an Australia-based real estate investment trust (REIT). The Company owns a diversified portfolio of agricultural assets that are leased predominantly to corporate agricultural operators. It is primarily engaged in the development and leasing of agricultural properties and equipment. The Company leases almond orchards, macadamia orchards, vineyards, cattle properties, cropping properties, agricultural plants and equipment, cattle, and water rights. The Company holds three almond orchards approximately 4,068 planted hectares; six vineyards approximately 636 planted hectares; 13 macadamia orchards approximately 1,906 planted hectares; seven properties with areas to be developed into macadamia orchards with 2,520 hectares; 23 cattle properties made up of 18 breeding, backgrounding, and finishing properties and five cattle feedlots with a combined capacity of 150,000 head, and 15 cropping properties approximately 14,573 hectares.