Fonterra plans early dividend payment to support farmers

Published 24 March 16

NZ dairy co-operative Fonterra intends to pay its farmer members’ final dividend earlier to help support their cash-flows during the tightest months of the season. An interim payment will be made as normal in April, then two payments in May and August will replace the usual final October payment. May to July are typically the lowest milk production months for NZ farmers.

Fonterra says the early payments will still be subject to the board’s approval at the time and the co-op’s financial performance continuing to support its current dividend forecast.