Fonterra anticipates strong full-year dividend

Fonterra anticipates strong full-year dividend
(Image: NZME)
Staff reporters
Fonterra says it expects to pay a full-year dividend near the top of its forecast range of 65-80 cents per share. CEO Miles Hurrell said in a statement the dividend for the July 31 financial year would be at the high end of the co-operative's dividend policy of 40% to 60% of normalised earnings.“Fonterra has reported strong earnings through FY23 off the back of favourable ingredients margins. As we close out our books, we’re in a position to provide further guidance on where we expect to end the year."The full-year div...