Glanbia Co-op pays out €6.7m to shareholders

Glanbia Co-op has distributed a 16.7% per share special dividend to all its members, a collective €6.7m payment as part of the €67.4m raised by the sale of four million Glanbia plc shares agreed in May 2015.

When members signed up to a member support fund in 2015, Glanbia committed to paying 25% (€16.85m) of the fund as a special shareholder dividend.

“Glanbia Co-op has a clear strategy that delivers value creation, supporting our investments in Glanbia plc and Glanbia Ingredients Ireland (GII) and value distribution, through support for members and a progressive dividend policy,” said Glanbia Co-op chairman Henry Corbally.