Duxton Farms dividend announcement for FY2024

Duxton Farms Ltd (ASX: $DBF) has declared a dividend of 10 cents per share in Australian dollars for the fiscal year 2024. The company's recent sale of its Timberscombe property and the initiation of two significant development projects in Victoria and the Northern Territory have enabled it to distribute capital to its shareholders while also reinvesting in new high-growth potential opportunities in Australian agriculture.

Executive Commentary on Dividend and Dividend Reinvestment Plan

The Board is pleased to announce the dividend payment for FY2024, reflecting the company's commitment to delivering value to its shareholders. The decision to operate the Dividend Reinvestment Plan (DRP) for this dividend underscores our dedication to providing shareholders with the opportunity to reinvest their dividends at a discounted price, aligning with our strategy of prudent capital allocation and growth. We encourage shareholders to review the DRP rules and consider participating in the plan to benefit from the 3 percent discount to the share price based on the 5-day volume-weighted average price at the record date.

Summary of Duxton Farms dividend and outlook

Duxton Farms (ASX: $DBF) has announced a dividend payment of 10 cents per share for FY2024, reflecting its strong financial position and strategic initiatives in Australian agriculture. The company's decision to operate the Dividend Reinvestment Plan (DRP) for this dividend demonstrates its focus on balancing shareholder returns with reinvestment in growth opportunities. Shareholders are encouraged to update their details by the specified date to participate in the DRP and benefit from the 3 percent discount to the share price. With the recent property sale and new development projects, Duxton Farms aims to continue creating value for its shareholders while pursuing growth in the agricultural sector.