Fonterra Co-operative Group has today announced that it expects to end FY23 at the top end of its forecast normalised earnings range of 65-80 cents per share.

The Co-op also expects to pay a full year dividend at the top end of its dividend policy, 40-60% of normalised earnings.

The full year dividend comprises the interim dividend of 10 cents per share already paid, plus the final dividend expected to be paid in October.

Fonterra will confirm its final FY23 earnings and full year dividend when it reports its financial results in September.

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