date:Mar 29, 2013
are getting cash to them faster, as they begin to dry off their herds for the winter earlier because of the drought and no longer have milk flowing.
With the strong first half performance, the Board has lifted the interim dividend from 12 to 16 cents, 33 per cent higher than the comparable period. Sixteen cents represents 50 per cent of Fonterras forecast dividend for the current financial year, and the maximum available under the 40-50 per cent range in its dividend policy.
Fonterra collected