31 July 2021
31 July 2019
31 July 2018
31 July 2017
31 July 2016
|Total annual dividend||20||5||0||10||40||40|
* 10 cents per share paid in June and September.
Under the guidelines, the Board would expect over time to distribute half of our net earnings, excluding abnormal gains.
The payout ratio is 40-60% of Reported Net Profit After Tax but excluding abnormal gains.
In addition to the payout ratio, two additional key principles will guide the Board when considering the payment of a dividend:
The distribution of any abnormal gains, such as an asset sale, will be considered separately.
An interim dividend will not be more than 40% of the forecast total dividend and no more than net earnings at half-year.
The Board will apply these guidelines at its discretion, alongside any factors it considers relevant.
Optional image caption
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.
Receive units in lieu of a cash distribution
Distribution Reinvestment Plan January 2020
Receive shares in lieu of a cash dividend
Dividend Reinvestment Plan January 2020
Distribution reinvestment related documents
Distribution reinvestment plan FMCA notice, 27 November 2014
Dividend reinvestment plan FMCA notice, 27 November 2014