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BRIEF-Fonterra confirms early final dividend payment

Published 16/05/2016, 06:41 am
BRIEF-Fonterra confirms early final dividend payment

May 16 (Reuters) - Fonterra:

* Fonterra confirms early final dividend payment

* It will pay part of its forecast final dividend earlier, to support farmers during a time of extremely tight on-farm cash flows

* Forecast New Zealand milk collection for the current season is 1,558 million kgms, which is 3 per cent lower than last season"

* Says payment will be made on 7 June, bringing dividend payments so far this year to 30 cents per share

* Total forecast dividend is 40 cents per share for the year

* Co-operative's good operating performance was expected to continue"

* Will be providing our opening 2016/17 season forecast farmgate milk price for our farmers at the end of may"

* Fonterra shareholders' fund unit holders will receive a part payment of the forecast final distribution of 10 cents per unit

* Source text for Eikon ID:nNZW9yGQMc

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