Well this is the rough calculation I use to work out whether it paid to buy shares in FMG last Friday to qualify for Sep dividend dividend by buying on the day to participate in the DRP.
$20.85 SP close on the 3rd of Sept
$2.11 divi x 1.215% = $2.56
Which is half the franking credit used as a offset against your tax liabilities depending on your tax bracket
$20.85 - 2.56 = $18.29
The DRP price needs to come down to at least $18.29 to have made participating in the DRP worthwhile and holding FMG shares as of last Friday.
Even after the DRP is calculated its anyone's guess if a lower price than the DRP will present itself between now and the next dividend next year. I dont like to gamble so I try to avoid trying to time the market and look at the big picture. I dont begrudge those that jump in and out of the stock and if it paid to be out of the stock prior to going ex dividend so be it.
- Forums
- ASX - By Stock
- FMG
- Iron ore price
Iron ore price, page-36716
-
- There are more pages in this discussion • 17,312 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FMG (ASX) to my watchlist
|
|||||
Last
$17.26 |
Change
0.250(1.47%) |
Mkt cap ! $53.14B |
Open | High | Low | Value | Volume |
$17.22 | $17.37 | $17.10 | $105.8M | 6.139M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | $17.23 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.27 | 19878 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 17.230 |
3 | 880 | 17.220 |
1 | 100 | 17.210 |
7 | 1222 | 17.200 |
5 | 2519 | 17.190 |
Price($) | Vol. | No. |
---|---|---|
17.270 | 19878 | 3 |
17.280 | 10286 | 3 |
17.290 | 7000 | 3 |
17.300 | 79885 | 21 |
17.310 | 6557 | 3 |
Last trade - 16.10pm 20/08/2024 (20 minute delay) ? |
Featured News
FMG (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online