2323 GMT - Citi thinks a special dividend from a2 Milk may be coming sooner than expected. A2 Milk has signaled a readiness to pay a NZ$300 million special dividend once it receives regulatory approvals for China label infant milk formula produced at the Pokeno facility in New Zealand. "We note this could occur prior to the FY 2026 result with a2 noting the amendment process is currently underway and progressing well," analyst Sam Teeger says. The special dividend could be the next catalyst for a2 Milk's stock. Citi has a buy call on a2 Milk and lifts its price target by 1% to A$10.55/share. A2 Milk is up 1.5% at A$9.24 today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 16, 2026 18:23 ET (23:23 GMT)
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