Fonterra milk price wins over shareholders philosophical about dividend impact
15 Mar, 2021 04:00 PM
4 minutes to read
Recovering company Fonterra is to post half-year results on Wednesday. Photo / File
Even the likelihood of a crunched dividend in Fonterra s mid-year results this week sounds unlikely to dim growing optimism among the big dairy cooperative s farmer owners. Buoyed by confidence in new leadership and anticipation of a full cream milk price for the 2020-2021 year, shareholders are confident Wednesday s interim results will bolster their slowly rebuilding faith in the performance of New Zealand s biggest company - even though the milk price they re in line for from strong global demand will have eaten into any interim dividend.
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