Ridley Corporation (RIC) will go ex dividend on 7/3/2011. The current dividend payment is 3.75 cents and it is 0% franked. The record date is 11/3/2011 and the dividend will be paid on 31/3/2011. Based on the full year payment the dividend yield is 5.9%.
*Current Yield: 3.0% Franking: 0% DRP Discount: 2.5%
*Yield has been calculated on the closing price on the 27/2/2011. Current yield is based on the current dividend payment only.
Ridley Corporation (RIC) will go ex dividend on 6/9/2010. The current dividend payment is 3.75 cents and it is 0% franked. The record date is 10/9/2010 and the dividend will be paid on 30/9/2010. Based on the full year payment the dividend yield is 6.0%.
*Current Yield: 3.1% Franking: 0% DRP Discount: 2.5%
*Yield has been calculated on the closing price on the 26/8/2010. Current yield is based on the current dividend payment only.
Ridley Corporation Limited (RIC) today announced the signing of a new three year feed supply agreement with Clean Seas Ltd effective from December 2009. The agreement covers the supply by Ridley Agriproducts’ Aqua-Feed division of a complete range of winter and summer feeds for the Clean Seas South Australian kingfish farming operations based at Port Lincoln, Arno Bay and Whyalla. Ridley has been awarded primary feed supplier status under the new agreement which replaces the previous three year arrangement which expired in November.
Specific details of the agreement remain confidential, however the committed volume under the agreement represents a significant manufacturing tonnage for Ridley and the majority of Clean Seas’ feed supply requirements. This volume, coupled with the incremental salmon volumes associated with the new Tassal agreement announced on 25 November 2009, will ensure a substantial throughput at Ridley’s new Inverell facility, which was recently commissioned in November of this year.
Clean Seas is the largest Australian-based producer of farmed kingfish, and is consequently a major domestic user of pelleted aqua-feeds. For Clean Seas, the agreement provides surety of availability and quality of supply for its primary farming input.
Clean Seas, which has recently completed a successful capital raising, is also a worldfirst, global pioneer in the quest to close the life cycle and produce aquaculture-bred Southern Bluefin Tuna. Ridley, through its strategic technology partnership with Japan’s Hayashikane Sangyo Co. Ltd., has already developed a biologically and commercially proven pelleted feed range for this species, whose ocean numbers are dwindling with alarming rapidity. Ridley continues to work closely with Clean Seas to ensure that a sustainable tuna feed solution is available to support the full life cycle aqua-culture of this precious tuna species.
Ridley Corporation Limited (RIC) and Tassal Group Limited (TGR) today jointly announce the signing of a 3 year feed supply agreement effective from November 2009. The agreement covers the supply by the Aqua-Feed division of Ridley Agriproducts of a complete range of winter and summer feeds for Tassal’s salmon farming operations in Tasmania. Specific details of the agreement remain confidential, however the additional tonnage represents a significant increase in output for Ridley which provides a baseload volume for its new Inverell facility and provides Tassal with surety of availability and quality of supply for its major salmon farming input.
Ridley recently entered into a joint venture arrangement to open an additional aquaculture feed mill based at Inverell, NSW, bringing to Ridley an effective doubling of production capacity for its Aqua-Feed business and alleviating capacity constraints that have hindered its Aqua-Feed expansion plans in recent years. The Inverell facility uniquely positions Ridley as the only feed supplier in Australia with multiple manufacturing facilities, and will enable Ridley to target new business, lift production, and keep pace with the growing aquaculture industry whilst fully supporting Tassal’s own growth initiatives. Tassal is already a market leader for Australian aquaculture fin-fish and the largest producer of farmed salmon, and is consequently the largest domestic user of pelleted salmon feeds. Ridley Aqua-Feed produces in excess of 40,000 tonnes per annum of feed for Australia’s growing fin-fish and prawn aquaculture industry, and as recently announced, Ridley has created an additional 40,000 tonnes of capacity through its new facility at Inverell. This new agreement provides a cornerstone for each of Ridley’s and Tassal’s strategic growth and expansion plans for the future.
Ridley Corporation (RIC) will go ex dividend on 7/9/2009. The current dividend payment is 3.5 cents and it is 0% franked. The record date is 11/9/2009 and the dividend will be paid on 16/10/2009. Based on the full year payment the dividend yield is 7.1%.
Current Yield 3.6% Franking: 0% DRP Discount: Up to 2.5%
*Yield has been calculated on the closing price on the 26/8/2009. Current yield is based on the current dividend payment only.
