Rural Funds Group (ASX: RFF) Share Price and News

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Rural Funds Group Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $788.13 million
P/E Ratio 9.35
Dividend Yield 5.78%
Shares Outstanding 388.24 million
Earnings per share 0.217
Dividend per share 0.12
Year To Date Return -2.86%
Earnings Yield 10.70%
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as at 24 Feb 3:44pm

  • Rural Funds Group (ASX: RFF)
    Latest News

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    REITs

    Why is the Rural Funds share dropping today?

    This may be the reason investors are exiting Rural Funds.

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    Frequently Asked Questions

    Yes, Rural Funds has historically paid four unfranked or partially franked distributions a year.

    Rural Funds generally pays its distributions in January, April, July, and October.

    Rural Funds Group listed on the ASX on 14 February 2014.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    27 Mar 2024 $0.0293 0.00% Interim 30 Apr 2024
    28 Dec 2023 $0.0293 0.00% Interim 31 Jan 2024
    28 Sep 2023 $0.0293 0.00% Interim 31 Oct 2023
    29 Jun 2023 $0.0293 9.22% Final 31 Jul 2023
    30 Mar 2023 $0.0293 9.22% Interim 28 Apr 2023
    29 Dec 2022 $0.0293 9.22% Interim 31 Jan 2023
    29 Sep 2022 $0.0293 9.22% Interim 31 Oct 2022
    29 Jun 2022 $0.0293 0.00% Final 29 Jul 2022
    30 Mar 2022 $0.0293 0.00% Interim 29 Apr 2022
    30 Dec 2021 $0.0293 0.00% Interim 31 Jan 2022
    29 Sep 2021 $0.0293 0.00% Interim 29 Oct 2021
    29 Jun 2021 $0.0282 0.00% Final 30 Jul 2021
    30 Mar 2021 $0.0282 0.00% Interim 30 Apr 2021
    30 Dec 2020 $0.0282 0.00% Interim 29 Jan 2021
    29 Sep 2020 $0.0282 0.00% Interim 30 Oct 2020
    29 Jun 2020 $0.0271 0.00% Final 31 Jul 2020
    30 Mar 2020 $0.0271 0.00% Interim 30 Apr 2020
    30 Dec 2019 $0.0271 0.00% Interim 31 Jan 2020
    27 Sep 2019 $0.0271 0.00% Interim 31 Oct 2019
    27 Jun 2019 $0.0261 0.00% Final 31 Jul 2019
    28 Mar 2019 $0.0261 0.00% Interim 30 Apr 2019
    28 Dec 2018 $0.0261 0.00% Interim 31 Jan 2019
    27 Sep 2018 $0.0261 0.00% Interim 31 Oct 2018
    28 Mar 2018 $0.0251 0.00% Interim 30 Apr 2018
    28 Dec 2017 $0.0251 0.00% Interim 31 Jan 2018
    28 Sep 2017 $0.0000 0.00% Final 31 Oct 2017
    29 Jun 2017 $0.0000 0.00% Final 31 Jul 2017
    30 Mar 2017 $0.0000 0.00% Interim 28 Apr 2017
    28 Dec 2016 $0.0241 0.00% Interim 31 Jan 2017
    29 Sep 2016 $0.0241 0.00% Interim 28 Oct 2016
    29 Jun 2016 $0.0223 0.00% Final 29 Jul 2016
    30 Mar 2016 $0.0223 0.00% Interim 29 Apr 2016
    29 Dec 2015 $0.0223 0.00% Interim 29 Jan 2016
    24 Dec 2014 $0.0215 0.00% Interim 15 Jan 2015
    04 Mar 2014 $0.0213 0.00% Interim 14 Apr 2014

    RFF ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Rural Funds Group

    Rural Funds Group (ASX: RFF) is a real estate investment trust (REIT) that holds and leases agricultural land and equipment. The company manages around $2 billion of diversified farmland and assets located in Queensland, New South Wales, Victoria, South Australia, and Western Australia.

    Its segments include cattle, almonds, macadamias, cropping, vineyards, and other agricultural products. The majority of its revenue is derived from its cattle and almond segments.

    Historically, Rural Funds' assets have been acquired in sectors where Australia has a comparative advantage and the company has operational experience. Its assets are mostly leased to corporate operators.

    RFF Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    17 May 2024 $2.03 $-0.02 -0.98% 392,055 $2.04 $2.04 $2.02
    16 May 2024 $2.05 $0.04 1.99% 309,362 $2.02 $2.07 $2.02
    15 May 2024 $2.01 $-0.03 -1.47% 369,898 $2.06 $2.06 $2.01
    14 May 2024 $2.04 $-0.01 -0.49% 338,860 $2.05 $2.06 $2.02
    13 May 2024 $2.05 $0.01 0.49% 279,133 $2.04 $2.06 $2.04
    10 May 2024 $2.04 $0.04 2.01% 578,249 $2.01 $2.06 $2.01
    09 May 2024 $2.00 $-0.01 -0.50% 378,796 $2.01 $2.03 $2.00
    08 May 2024 $2.01 $0.00 0.00% 689,622 $2.00 $2.02 $1.99
    07 May 2024 $2.01 $-0.02 -0.99% 487,993 $2.04 $2.05 $2.01
    06 May 2024 $2.03 $-0.02 -0.98% 243,286 $2.06 $2.06 $2.01
    03 May 2024 $2.05 $0.01 0.49% 545,985 $2.04 $2.07 $2.01
    02 May 2024 $2.04 $0.03 1.49% 2,305,409 $2.02 $2.06 $2.01
    01 May 2024 $2.01 $0.00 0.00% 407,847 $2.01 $2.03 $1.99
    30 Apr 2024 $2.01 $0.01 0.50% 317,330 $2.00 $2.03 $2.00
    29 Apr 2024 $2.00 $0.05 2.56% 658,577 $1.96 $2.01 $1.96
    26 Apr 2024 $1.95 $-0.03 -1.52% 507,026 $1.97 $1.97 $1.95
    24 Apr 2024 $1.98 $-0.01 -0.50% 690,864 $2.00 $2.02 $1.98
    23 Apr 2024 $1.99 $0.00 0.00% 420,477 $1.99 $2.01 $1.99
    22 Apr 2024 $1.99 $0.04 2.05% 712,514 $1.96 $2.00 $1.96
    19 Apr 2024 $1.95 $-0.02 -1.02% 674,240 $1.97 $1.97 $1.94
    18 Apr 2024 $1.97 $0.02 1.03% 535,140 $1.95 $1.98 $1.95

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    30 Apr 2024 Michael Carroll Issued 3,968 $8,213
    Dividend Reinvestment Plan (DRP).
    31 Jan 2024 Julian Widdup Issued 2,156 $4,290
    Dividend Reinvestment Plan (DRP).
    31 Jan 2024 Michael Carroll Issued 4,069 $8,097
    Dividend Reinvestment Plan (DRP). Michael Carroll - 21,193 units
    Mudgegonga Pty Ltd <Carroll Family S/F>
    258,933 units
    31 Oct 2023 Michael Carroll Issued 4,089 $7,973
    Dividend Reinvestment Plan (DRP).
    31 Oct 2023 Julian Widdup Issued 2,168 $4,227
    Dividend Reinvestment Plan (DRP).
    18 Oct 2023 Leslie (Guy) Paynter Buy 300,000 $550,560
    On-market trade.
    31 Jul 2023 Michael Carroll Issued 4,560 $7,843
    Dividend Reinvestment Plan (DRP).
    31 Jul 2023 Julian Widdup Issued 2,417 $4,157
    Dividend Reinvestment Plan (DRP).

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr Leslie (Guy) Julian Paynter Non-Executive ChairmanNon-Executive Director Apr 2010
    Mr Paynter is a former director of broking firm JB Were. He brings to RFM more than 30 years of experience in corporate finance. Guy is a former member of the Australian Securities Exchange (ASX) and a former associate of the Securities Institute of Australia (now known as the Financial Services Institute of Australasia). Guy's agricultural interests include cattle breeding in the Upper Hunter region in New South Wales.
    Mr Michael Carroll Non-Executive Director Apr 2010
    Mr Carroll is currently the Chair of Viridis Ag Pty Limited, a Director of Paraway Pastoral Company Limited and Incitec Pivot Limited. Michael also runs his own cattle business in southwest Victoria. Michael's executive experience includes establishing and leading the National Australia Bank's Agribusiness division and as a Senior Adviser in NAB's internal investment banking and corporate advisory team. Prior to that Michael worked for Monsanto Agricultural Products and a biotechnology venture capital company.
    Mr David Bryant Managing Director Feb 1997
    Mr Bryant focuses on strategic planning, maintaining key commercial relationships and sourcing new business opportunities.
    Ms Andrea Joan Lemmon Non-Executive Director Jul 2014
    Ms Lemmon held a variety of senior executive roles and was responsible for overseeing RFM's investment into the macadamia industry. From August 2020 until November 2022, Andrea was Chair of Marquis Macadamias Ltd, Australia's macadamia processor and a non-executive Director of Marquis Marketing, the company responsible for marketing around 25% of the global macadamia crop. Andrea's experience consists of previously serving as a non-executive director of Perth Markets Limited and Market City Operator.
    Mr Julian James Widdup Non-Executive Director Feb 2017
    Mr Widdup is currently a director of Equip Super, Screen Canberra and the Australian Catholic University. His former board positions include the Australian Catholic Superannuation Retirement Fund, Darwin International Airport, Alice Springs Airport, NZ timberland company Taumata Plantations, Regional Livestock Exchange Company, Merredin Energy power utility, Cultural Facilities Corporation, Victorian Agribioscience Research Facility, Casey Hospital and Mater Hospital. Julian has over 20 years of experience in the financial services including as an executive director of Palisade Investment Partners, a partner of Access Capital Advisers, a consultant with Towers Perrin (now Willis Towers Watson) and previously worked in the Australian Government.
    Ms Emma Spear Company Secretary Aug 2018
    -
    Emma Spear Company Secretary
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 61,700,613 16.03%
    J P Morgan Nominees Australia Pty Limited 49,432,552 12.84%
    Argo Investments Limited 20,925,883 5.44%
    Rural Funds Management Limited 13,157,659 3.42%
    Citicorp Nominees Pty Limited 12,661,377 3.29%
    National Nominees Limited 9,448,960 2.46%
    BNP Paribas Nominees Pty Limited 8,512,093 2.21%
    Netwealth Investments Limited 4,193,392 1.09%
    Bryant Family Services Pty Limited 3,768,012 0.98%
    One Managed Investment Funds Limited 2,950,722 0.77%
    Buttonwood Nominees Pty Limited 2,452,130 0.64%
    BNP Paribas Nominees Pty Limited Custodial Services Limited 2,249,952 0.58%
    SCCASP Holdings Pty Limited 1,663,073 0.43%
    BNP Paribas Nominees Pty Limited i 1,644,563 0.43%
    Merrill Lynch (Australia) Nominees Pty Limited 1,621,359 0.42%
    Boskenna Pty Limited 1,353,044 0.35%
    Neweconomy.com.au Nominees Pty Limited 1,227,281 0.32%
    Bnp Paribas Nominees Pty Ltd Acf Clearstream 1,223,870 0.32%
    HSBC Custody Nominees (Australia) Limited i 1,144,062 0.30%
    Netwealth Investments Limited i 1,135,934 0.30%

    Profile

    since

    Note