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BRIEF-Fonterra confirms further dividend payment

Published 18/08/2016, 06:51 am
© Reuters.  BRIEF-Fonterra confirms further dividend payment

Aug 18 (Reuters) - Fonterra Co-Operative Group Ltd FCG.NZ :

* Fonterra confirms further dividend payment

* Confirmed it will pay a further 10 cents per share of its previously announced 2015/16 forecast dividend of 40 cents per share

* Seeing early signs of the expected recovery in dairy prices but "we know conditions on farm are challenging"

* Confidence in the long-term fundamentals of dairy

* There is no change to forecast earnings range or forecast total dividend of 40 cents per share for 2016 financial year"

* Says Fonterra shareholders' fund unit holders will receive a distribution payment of 10 cents per unit

* Source text for Eikon ID:nNZS7mla

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