Fonterra raises dividend policy to retain farmers

Quick Summary:

WELLINGTON: Fonterra Cooperative Group, the world’s biggest dairy exporter, is targeting higher dividend payments to farmers to ensure it retains its share of New Zealand milk collection.

The company has raised its dividend policy to 60% to 80% of earnings, up from an average of 50% in the five years through 2023, it said yesterday.

The refreshed strategy swings the attention onto the company’s Ingredients and FoodService businesses as the future drivers of earnings.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaNew Zealand

Topics: Corporate News Milk Dairy Fonterra /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 00:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 432 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22811823

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Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 50 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 21 minutes ago

Coverage Areas: Malaysia

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Publisher ID: #22

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