The New Zealand Rural Land Company (NZX: NZL) is expecting an increase in Net Asset Value (NAV) following an anticipated valuation uplift in its dairy farms on the back of record pricing for dairy products.
The company has acquired six dairy assets in Maniototo, Central Otago worth $61 million in October 2021 and is prioritising opportunities in dairy, drystock and free range poultry assets.
NZL reaffirms its full year dividend guidance of 4.16 cents per share which equates to a net dividend yield of 3.68%, and its full year results will be released in August 2022.
See more
