• First Quarter Dividend FY27 set at 3.75 cents
• Guidance for Second Quarterly Dividend for FY27
The Board of Djerriwarrh Investments Limited (“DJW” or “the Company”) is pleased to announce a dividend of 3.75 cents per share, fully franked, has been determined for the first quarter of FY27. The dividend will be paid on 25 November 2026 to ordinary shareholders on the register on 3 November 2026.
The Board also announces it will be targeting a dividend of 3.75 cents per share, fully franked, for the second quarter of FY27. This dividend will be announced with the interim results in January 2027 and is subject to no material unforeseen adverse market conditions and final Board approval.
Djerriwarrh seeks to provide shareholders an enhanced level of fully franked income that is higher than is available from the S&P/ASX 200 index. The level of dividend declared each period is determined by taking into consideration the net operating result (which is made up of the dividends received from the companies that Djerriwarrh invests in, as well as the income generated from option strategies) and a prudent distribution of realised capital gains when available.
While we have moved to paying quarterly dividends, we note that our policy and approach is not to split the full year total dividend into four equal quarterly amounts.
Rather, our expectation is that in normal circumstances the total full-year dividend will have a higher weighting to the second half of the year (ie the 3Q and 4Q dividends) compared to the first half of the year (ie the 1Q and 2Q dividends). This is consistent with the first half/second half weighting split of DJW’s full year dividend in recent years.
As always, dividends will be declared by the Board with regard to our Net Operating Result and Realised Capital.