GrainCorp Ltd (ASX: GNC)
Share price – $7.505
Annual dividend yield - 6.44%
Dividend Pay date - 17 Jul 2025
Dividend amount per share - $0.240
Franking – 100%
Dividend ex-date - 02 Jul 2025
Market cap – $1.65B
As of 28 May 2025
GrainCorp Limited (ASX: GNC), on 15 May 2025 declared a strong 1H25 performance. GNC declared an interim dividend of 24 cents per share, fully franked. This dividend is split into 14 cents per share as an ordinary dividend and 10 cents per share as a special dividend. Both dividends match the amounts declared in 1H24. The payment will happen on July 17, 2025 for shareholders listed as of the record date July 3, 2025. Also, GrainCorp has increased its on market share buy-back program to a maximum of $75 million, up from the previous $50 million with about $15 million already completed.
The company financial position remains strong. GNC ending 1H25 with core cash of $296 million, slightly down from $337 million at FY24. GNC has also raised its earnings guidance for FY25, expecting Underlying EBITDA between $285-325M and Underlying NPAT ranging from $65-9M. This reflects a robust business performance amid competitive global margins and weather conditions.
GrainCorp’s agribusiness segment delivered an EBITDA of $141 million due to strong performance in East Coast Australia. While its international operations saw increased sales volumes though margins remained under pressure. The Nutrition and Energy segment-maintained EBITDA of $75 million, despite weaker crush margins. In the Animal Nutrition business sales rose by 16% due to favorable seasonal conditions and stronger milk prices in New Zealand.
Tower Ltd (ASX: TWR)
Share price – $1.407
Annual dividend yield - 8.83%
Dividend Pay date - 26 Jun 2025
Dividend amount per share - $0.094 (NZD)
Franking – 0%
Dividend ex-date - 11 Jun 2025
Market cap – $481.28M
As of 28 May 2025
Tower Ltd (ASX: TWR), on 20 May 2025 announced a solid performance for the half year to 31 March 2025. TWR achieved an underlying net profit after tax of $61.7m, up from $36.6m in HY24. Profit stood at $49.7m compared to $36m in the same period last year. Gross written premiums raised by 4% to $297m due to strong performance in the New Zealand home and contents insurance market. The motor insurance portfolio faced a 4% decline in GWP due to rate cuts and slower policy growth.
A large event cost of $3 million was recorded from the Dunedin flooding in October 2024 with an additional $4m expected for Cyclone Tam flooding in April 2025. TWE has set a large event allowance of $50m for FY25. Despite this, TWR has been able to increase its earnings guidance for the full year. TWE expecting underlying NPAT to be between $70 million and $80 million, up from the previous range of $60m to $70m. The updated forecast reflects stronger than expected claims performance, fewer large claims, and a favourable weather environment.
The company’s combined operating ratio is now expected to be between 82-84%. A fully imputed interim dividend of 8 cents per share is declared, reflecting the positive results and continued growth. Whereas MER is expected to be below 31%, it is anticipated to improve as strategic investments take effect.
(Source: Company Announcements)
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