FMG 1.86% $19.54 fortescue ltd

Iron ore price, page-22465

  1. 2,137 Posts.
    lightbulb Created with Sketch. 2364
    hey tpg, 84c/share dividend is exactly what I get also....

    FMGhalf-year production: 89 million tonnes

    FMGaverage price received: Say USD$81 a tonne

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


    Net Profit: USD$3.204 BILLION

    AUD/USDExchange Rate: $0.645c


    AUD Half-year Profit: AUD$4.967 Billion

    AUDTax Paid (@30%): AUD$1.490 Billion

    NetProfit available for Dividend distribution: AUD$3.477 Billion

    Full-YearDividend @ 75% payout ratio (i.e 75% of $3.477Billion) = AUD$2.607 Billion … or$0.84c a share

 
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