Fonterra shareholders disappointed with Fonterra dividend given low milk prices

Wed, 25 Mar 2015

By Fiona Rotherham March 25 (BusinessDesk) - The Fonterra Shareholders’ Council said farmers are disappointed with today’s announcement of an interim dividend of 10 cents a share and a trimmed forecast range of 20 cents to 30 cents per share for the 2014/2015 season given the current low milk price. Council chairman Ian Brown said it was positive that Fonterra had maintained the forecast farmgate milk price at $4.70 per kilogram of milk solids given the volatility experienced throughout the season to date, however shareholders had expecte...

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