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Fonterra's forecast share dividend too low, unitholder tells annual meeting

2014-11-14 04:39:32| Food - Topix.net

Fonterra Cooperative Group has forecast a farmgate milk price of $5.30 per kilogram of milk solids and a dividend in the range of 25-35 cents per share. Last season's dividend fell significantly to just 10cps on the back of reduced earnings by the group and the high $8.40/kgMS farmgate milk payout.

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