RE:Fronterra Stock
Their divident payout could be a bit misleading. It pays higher went Brent crude pricing is over 60 bucks U.S, which this quarterly hasn't averaged that.
As previously announced on May 30, 2019, the Company's board of directors amended its dividend policy to increase the quarterly dividend by 20% from US$12.5 million to approximately US$15.0 million during periods in which Brent oil prices sustain an average price of US$60/bbl or higher. The declaration and payment of any specific dividend, the actual amount, the declaration date, the record date, and the payment of each quarterly dividend will be subject to the discretion of the Company's board of directors.