FBD farmer shareholders and the IFA are in line to enjoy a €12m windfall if a proposed dividend payout of €1 per share by FBD Holdings gets the green light.

The proposal, which will be voted on at Thursday’s AGM, could deliver €8.5m to Farmer Business Developments, €3m to FBD Trust and €500,000 to the IFA. The payout will be a welcome boost to individual farmer shareholders of FBD, as well as to the 4,400 mainly farmer shareholders in Farmer Business Developments.