My calculations of a dividend of $1.25 a share were based on FMG realising an average price of USD$105 a tonne (for the half year).
With the iron ore price quickly approaching USD$140 a tonne, that "average price" that we're receiving is looking like being way above USD$105.
Perhaps my expectations of the next dividend of $1.25 a share are too conservative???!!!!
It is apparent that the market also seems to have finally realised this and the share price has re-rated and smashed through $20.00 ....
FMG - 2021 Interim Dividend, page-4
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Last
$17.97 |
Change
-0.360(1.96%) |
Mkt cap ! $55.32B | |||
| Open | High | Low | Value | Volume |
| $18.10 | $18.28 | $17.97 | $250.7M | 13.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 104054 | $17.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.07 | 4370 | 1 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |