Dividends

Returns are regularly distributed through dividends to all shareholders (both ordinary and rebate) and patronage rewards only to shareholders who also supply livestock to Silver Fern Farms Ltd.

Dividends & Rewards

Dividend Pool

  • Available to all ordinary and rebate shareholders
  • Return paid per share owned across all ordinary and rebate shares
  • Silver Fern Farms Co-operative Ltd (SFF) shares are traded on the Unlisted Exchange - usx.co.nz

Patronage Reward Pool

  • Exclusive to co-operative shareholders supplying livestock (minimum 400 SU annually) direct via our livestock reps
  • Return paid per share owned across qualifying ordinary and rebate shares up to the share standard

Trading Year

Payment Made

Dividend Per Share

PR Per Qualifying Share

2019 year

August 2020

5.4 cents

6.0 cents

2020 year

April 2021

5.5 cents

5.7 cents

2021 year

May 2022

12.9 cents

12.1 cents

2022 year

November 2022, and

April 2023

10.1 cents

13.1 cents

 

21.6 cents

2023 year

N/A

Nil

Nil

2024 year

N/A

Nil

Nil

5 Year Average

 

8.3 cents

7.9 cents

How the Share Standard is calculated 

To receive the full benefits of the patronage reward, shareholder-suppliers will need to be ‘fully shared’ to the share standard based on the supplier’s livestock as follows:

8

shares per
stock unit

for the first 5000 stock units

3

shares per
stock unit

for all stock units over 5000

1 Lamb /
Bobby /
Mutton

1

Stock Unit

1 Deer

6

Stock Units

1 CATTLE BEAST

12

Stock Units

See what your returns could be

x12 SU

cattle

x6 SU

deer
sheep

Total Stock Units

Share Standard

$

From dividend pool

Shares Owned

@8.3c

Per Share

$

From patronage reward pool

Eligible Shares

@7.9c

Per Share

$

Total Return (5-year average)