Only hope of 25c turns out to be if Board were serious about supporting sp with dividend as public stated objective.
No floor now as longterm investor market won't be able to make reliable calculations on yield if divy is allowed to jump all over place, no certainty no sp floor!
Simple as that!
Given current IOP strength and current IOP outlook it is a poor decision, imo to cut divy on historical half data.
The Board don't have my confidence that they know how to support longterm investors interests.
Poor decision is my opinion.
They did alot of damage today!
Ann: Dividend/Distribution - FMG, page-45
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Last
$19.76 |
Change
-0.220(1.10%) |
Mkt cap ! $60.84B | |||
| Open | High | Low | Value | Volume |
| $19.66 | $19.80 | $19.20 | $191.1M | 9.763M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4673 | $19.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.76 | 31740 | 2 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |