date:Sep 27, 2019
oducts sold in these markets are made from New Zealand milk and are similar to those sold in Fonterras Ingredients business.
Under the new guidelines, we would expect the dividend payment to be 40-60 percent of reported Net Profit After Tax, excluding any abnormal gains, from what was previously 65-75 percent of adjusted Net Profit After Tax over a period of time. An interim dividend will not be more than 40 percent of the forecast total dividend and no more than net earnings at half year, says