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.