Iron ore price, page-41666

Here is something else that FMG executives (who work for us and care about us) have been telling us that the analysts (who dont work for us and dont care about us) have been saying.

FMG has paid off its debt and since then its dividends have taken off because it can use its can to pay us dividends instead of repaying debt.........

FMG has paid off its debt
The FY20 full year results presentation showed us that net debt had hit zero. The graphic below is a screenshot.

FMG is now paying huge dividends
The graphic below is a screenshot from the FY21 results presentation. In the FY20 results presentation FMG told us they had paid off net debt. In the FY21 results presentation FMG told us that dividends had taken off. This is a pretty consistent story that the FMG management is telling us and it is also something that FMG bears dont like talking about. However I do like talking about it and I like spending my dividend.