A2 jumps 22.5% as first dividend policy announced

a2 Milk CEO David Bortolussi. (Image: a2 Milk)

Fri, 22 Nov 2024

Now is the right time for the a2 Milk Company to start paying dividends, chief executive David Bortolussi says.The dual-listed milk marketer is holding its annual meeting in Auckland on Friday, having announced its first, long-awaited dividend policy targeting between 60% and 80% of net profit after tax.Its shares on the NZX opened up 22.5% to $6.53.a2’s stock is up roughly 42% this year. Milk pricesIn recent weeks, a drop in Chinese inventory has pushed prices higher at the fortnightly Global Dairy Trade (GDT) auction.At this week&r...

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