date:Dec 11, 2013
the dividend cut, the company said.
It's interesting that they've cut the dividend outlook when it seemed they were looking to hold the dividend through the ups and downs of pricing and fluctuations in margins, said Con Williams, dairy economist at ANZ.
It seems farmer shareholders perhaps have had quite a say in that ... It's quite clear that the farmers have won out today.
Shares in the Fonterra fund fell as much as 10 percent to their lowest price since it was launched last year but retra