Balance sheet, earnings gave Fonterra room to declare special dividend: CFO

Chief financial officer Andrew Murray. (Image: Fonterra)

Fri, 27 Sep 2024

Fonterra’s “really strong” balance sheet and a solid year for earnings gave the co-operative room to declare a special dividend, its new chief financial officer says.The dairy giant announced its full-year results this week, declaring it would pay its second-largest dividend of 55c.That included a 40c final dividend as well as a special dividend of 15c.Andrew Murray is less than two months into the job as CFO on Fonterra’s management team, having moved from being the co-op CFO of its global markets business since Februar...

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