Fonterra Co-operative Group Limited (FCG.NZ)
- Bloomberg
Fonterra Raises Dividend Policy in Push to Retain Milk Supply
(Bloomberg) -- 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.Most Read from BloombergA 7,000-Year-Old City Emerges as a Haven from Dubai’s Sky-High RentsClimate Migrants Stand to Overwhelm World’s MegacitiesNew Rowhouses in London That Offer a Bridge to the 19th CenturyVanderbilt Leases Struggling NYC Seminary for Campus ExpansionNJ Transit, Amtrak Trains Delayed After
- Reuters
NZ's Fonterra upgrades dividend payout policy; shares hit over 3-year high
The dairy firm is also targeting a higher average return on capital, raising it to 10-12%, compared with 9-10% earlier. "Fonterra is in a strong position, delivering results well above its five-year average, which puts it in a position to think about the next evolution of its strategic delivery," said CEO Miles Hurrell.
