“Fonterra has reported strong earnings through FY23 off the back of favourable Ingredients margins. As we close out our books, we’re in a position to provide further guidance on where we expect to end the year.
“Furthermore, we expect to pay a full year dividend at the top end of our dividend policy, which is 40-60% of normalised earnings,” says Mr Hurrell.
The full year dividend comprises the interim dividend of 10 cents per share already paid, plus the final dividend expected to be paid in October.
Fonterra will confirm its final FY23 earnings and full year dividend when it reports its financial results in September.
For further information contact:
Phone: +64 21 507 072