Elders’ Dividend Update Signals Capital Increase and Shareholder Choices Ahead

Dividend Details Confirmed

Elders Limited has provided an update to its recent dividend announcement, clarifying key dates and details for shareholders. The company will pay an ordinary dividend of 18 cents per fully paid ordinary share, fully franked at the corporate tax rate of 30%. This dividend covers the six-month period ending 30 September 2025.

The record date for determining eligible shareholders is 26 November 2025, with the ex-dividend date set a day earlier on 25 November. Payment of the dividend is scheduled for 23 December 2025, ensuring investors receive their income before the year-end.

Dividend Reinvestment Plan (DRP) Update

Alongside the cash dividend, Elders offers a Dividend Reinvestment Plan, allowing shareholders to reinvest their dividends into new shares rather than receiving cash. The company has confirmed the DRP election period will close at 5pm on 28 November 2025. Shareholders who do not actively elect to participate will receive their dividend in cash by default.

The DRP shares will be issued at a 1.5% discount to the volume weighted average price (VWAP) of Elders shares traded between 3 and 16 December 2025. This pricing mechanism aims to provide an incentive for shareholders to reinvest, while reflecting recent market prices. New shares issued under the DRP will rank equally with existing shares from the issue date, which is also 23 December 2025.

Implications for Shareholders and Market

This update provides clarity for Elders shareholders planning their income and investment strategies heading into the new year. The fully franked nature of the dividend enhances its attractiveness, particularly for Australian investors seeking tax-effective income. Meanwhile, the DRP offers a cost-effective way to increase holdings without brokerage fees, potentially supporting the share price by encouraging reinvestment.

Investors will be watching how many shareholders opt into the DRP, as this can influence the company’s capital structure and liquidity. The issuance of new shares under the plan will slightly increase the total number of shares on issue, a factor to consider in valuation and earnings per share calculations.