Fonterra upgrades dividend policy to pay shareholders 60%-80% of earnings, exceeding past payouts

From Investing.com: 2024-09-29 16:20:28

New Zealand dairy firm Fonterra upgrades dividend payout policy, now aiming to pay shareholders 60%-80% of earnings, up from previous 50%. CEO Miles Hurrell emphasizes strong position, exceeding five-year average results. Company reported fiscal 2024 earnings of 70 NZ cents per share, with a final dividend of 25 NZ cents and special dividend of 15 NZ cents. Plans “significant” capital return upon divestment of consumer business, flagged potential sale earlier this year for capital release.



Read more at Investing.com: NZ’s Fonterra upgrades dividend payout policy By Reuters