Fonterra's returning a total dividend of 55 cents a share for the past financial year, off the back of a strong 1.1 billion dollar net profit.
It's also raising its forecast milk payout midpoint this season, from 8-dollars-50 to 9-dollars.
Chief Executive Miles Hurrell says signs are pointing to a recovery in global dairy prices.
He says demand from China's picking up, and data received overnight suggests that trend is continuing.
