86c x 1.42 (Franking credits) = $1.22
On the lower end but all shareholders know the SP and the dividends are volatile in mining stocks or any company that is a price taker. The rewards for putting up with short to medium term SP and dividend fluctuations is the big fat oversize dividends when the IO price has a good six months.
Here is a interesting comparison, the average house in a major city in Melbourne or Sydney sits around the $1m mark. As a investment property once you take out all your fees you would be lucky to be left with $10k annual return for your troubles.
The same $1m invested into FMG at yesterdays closing price would return you $79,500 in dividends if you include two 86c dividends for the year. If you add franking credits that works out to $113PA that you would have to earn as a PAYG to bring home the same return.
Even at these levels the difference between investing in property and shares is startling, not financial advice as just pointing out the facts . Have opted out of the DRP this time around and will start topping up some time after it goes ex dividend.
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$21.86 |
Change
0.070(0.32%) |
Mkt cap ! $67.30B |
Open | High | Low | Value | Volume |
$21.95 | $22.35 | $21.71 | $192.6M | 8.766M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 705 | $21.85 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$21.88 | 1359 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 705 | 21.850 |
2 | 20100 | 21.840 |
2 | 300 | 21.830 |
4 | 3590 | 21.820 |
2 | 5100 | 21.810 |
Price($) | Vol. | No. |
---|---|---|
21.880 | 1359 | 3 |
21.890 | 6666 | 1 |
21.900 | 13184 | 3 |
21.920 | 13879 | 3 |
21.930 | 29565 | 3 |
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