Forsyth Barr cuts future dividend forecast for Fonterra, raises gearing levels

Sun, 12 Aug 2018

By Tina Morrison Aug. 13 (BusinessDesk) - Forsyth Barr has cut its dividend expectations for Fonterra Cooperative Group for the next two years after the dairy giant last week abandoned plans to pay a final dividend for the 2018 financial year, citing weaker margins and the need to strengthen its balance sheet. On Friday, Fonterra said it no longer expected to pay a final 2018 dividend beyond the 10 cents per share interim payment made in April, having previously indicated a final payment of 5-to-10 cents per share. The world's biggest dai...

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