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A2 Milk share price jumps 15% on first-ever dividend and guidance upgrade

The A2 Milk Company's share price surged by 15% following the announcement of its first-ever dividend and an upgrade in its financial guidance. The company declared a final dividend of 8.5 NZ cents per share, which was well-received by investors. Additionally, A2 Milk upgraded its full-year revenue guidance to between NZ$1.58 billion and NZ$1.65 billion, up from the previous forecast of NZ$1.55 billion to NZ$1.65 billion. This positive outlook was attributed to better-than-expected sales in China, particularly in the English label infant milk formula (IMF) market, and a recovery in the daigou channel. The company also noted that its market share in China's IMF market had stabilized, and it was making progress in other markets like the US and Australia. The news reflects a strong recovery and optimism about future growth, boosting investor confidence.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/a2-milk-share-price-jumps-15-on-first-ever-dividend-and-guidance-upgrade/ar-AA1zaybl ]