It's made a 599 million dollar profit this financial year, 60 million dollars down on last time, which had been elevated by sales of shares in two companies.
Shareholders will receive a 20 cents per share dividend.
Chief financial officer Marc Rivers says Fonterra wants to return dividends of about a billion dollars by the 2024 financial year, by selling more innovative and profitable products.
He says there's a lot of potential for the co-op and they're excited about the future.
