This company has so much more than milk on offer. In fact they have not even tried to tap that market yet. Bega is in a phase of aggressive expansion that will leave A2m in the dust. Kraft cheese slices (up for rebrand) Vegemite, Peanut Butter, Bega Cheese, Peanuts. Half of the most popular staples in an Australia supermarket will belong to Bega in the near future. Once home base is solidified then the true search for Asian markets will begin. There is only one reason the dividend pay out is small; they need capital to grow at an aggressive rate.
Ann: Results Conference Presentation - 1H FY2018, page-9
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