A special dividend of 26c per share will be paid to all Glanbia Co-Op members in the coming weeks. The €10m payout will be worth over €1,000 to the average milk supplier. In addition, the board will be recommending to the AGM on 30 May a 30% increase to 13c/share in the ordinary dividend. This €4.8m will be worth a further €500 on average to shareholders.

Co-op members also have access to the Glanbia Advance Payment Scheme which makes 1c/l interest free cashflow support available on April milk supply. An application form for this will issue shortly.

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Glanbia cuts price and support payment