FMG 0.06% $16.12 fortescue ltd

Half-Yearly Dividend looking good, page-61

  1. 2,128 Posts.
    lightbulb Created with Sketch. 2360
    61 cents.



    FMG half-year production: 88.6 million tonnes

    FMG average price received: Say USD$80 a tonne

    FMG 'All in' cost: USD$45 a tonne (incl. C1,interest, etc)


    Net Profit: USD$3.1 BILLION

    AUD/USD Exchange Rate: $0.69c


    AUD Half-year Profit: AUD$4.49 Billion

    AUD Tax Paid (@30%): AUD$1.35 Billion

    Available for Dividend Distribution: AUD$3.14Billion

    Full year Dividend pay-out @ 60% payout ratio (i.e 60%of $3.14 Billion) = AUD$1.88 Billion … or $0.61c a share

 
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