Dividends

Dividend per share (cents).

  Year ended
31 July 2018
Year ended
31 July 2017
Year ended
31 July 2016
Year ended
31 July 2015

 

Year ended
31 July 2014

 

Interim dividend 10 20 10 5 16
Final dividend 0 20* 15 5 16
Total annual dividend 10 40 25 10 32

* 10 cents per share paid in June and September.

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Dividend & distribution reinvestment plans

The Fonterra Co-Operative Group Limited Dividend Reinvestment Plan allows farmer shareholders to receive shares in lieu of all or part of a cash dividend. The Fonterra Shareholders’ Fund (Fund) Distribution Reinvestment Plan allows unitholders to receive units in lieu of all or part of a cash distribution.

Distribution reinvestment plan

Start of Receive units in lieu of a cash distribution Accordion Item
Receive units in lieu of a cash distribution

Distribution Reinvestment Plan September 2017 - PDF, 1.9 MB

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Start of Receive shares in lieu of a cash dividend Accordion Item
Receive shares in lieu of a cash dividend

Dividend Reinvestment Plan September 2017 DRP form - PDF, 4.9 MB

End of Receive shares in lieu of a cash dividend Accordion Item

Dividend & distribution reinvestment plans

The Fonterra Co-Operative Group Limited Dividend Reinvestment Plan allows farmer shareholders to receive shares in lieu of all or part of a cash dividend. The

Fonterra Shareholders’ Fund (Fund) Distribution Reinvestment Plan allows unitholders to receive units in lieu of all or part of a cash distribution.

Start of Distribution reinvestment plans Accordion Item
Distribution reinvestment plans

Distribution reinvestment plan FMCA notice, 27 November 2014 - PDF, 564.3 kB

Dividend reinvestment plan FMCA notice, 27 November 2014 - PDF, 983.7 kB

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Dividend policy.

Fonterra's Board seeks to maintain a consistent dividend stream in the normal course of events. This is expected to be between 65% to 75% of adjusted net Profit After Tax over time. In considering payment of the dividend, the Board will have regard to all relevant factors, but in particular:

  • Any non-recurrent items that affect profit after tax;
  • Average dividends paid over the previous three years;
  • Near-term earnings projections, investment priorities and gearing targets; and
  • Any other factors the Board considers relevant, including existing or likely market conditions that may impact Fonterra or our shareholders.

The Board has indicated that it will target 40% to 50% of the annual dividend to be paid at the half year.

The Fonterra Board has the discretion to distribute any surplus capital to shareholders by way of a Special Dividend or other alternative distribution methods.

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Financial results

Fonterra business updates, interium results and financial results.

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