next dividend, page-221

I wonder how close PilbaraBoy's upcoming March 2023 dividend prediction will come in at? He has been right on the money in his last prediction.

PilbarraBoy

27/05/22 for October 2022 dividend...

You're going to be stoked Bert! Our next dividend will be $1.20 a share ... see calculations below.

FMG 6 months production: 95 million tonnes

Average price received: USD$105 a tonne

FMG 'All in' cost: USD$55 a tonne (incl. C1,interest, depreciation)

Net Profit: USD$4.75 BILLION

AUD/USD Exchange Rate: $0.72c

AUD Net Profit: AUD$6.597 Billion

AUD Tax Payable (@30%): AUD$1.979 Billion

Net Profit available (for Dividend): AUD$4.618Billion

Dividend @ 80% payout ratio (i.e 80% of $4.618Billion) = AUD$3.694 Billion … or $1.20 a share

And the October 2022 dividend came in at $1.21!

https://hotcopper.com.au/threads/next-dividend.6715126/page-29?post_id=61659490

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PilbaraBoy prediction for upcoming March 2023 dividend...

FMG 6 months production: 97 million tonnes

Average price received: USD$88 a tonne

FMG 'All in' cost: USD$55 a tonne (incl. C1, Interest, Depreciation)

Net Profit: USD$3.201 BILLION

AUD/USD Exchange Rate: $0.67c

AUD Net Profit: AUD$4.778 Billion

AUD Tax Payable (@30%): AUD$1.433 Billion

Net Profit available (for Dividend): AUD$3.345Billion

Dividend @ 80% payout ratio (i.e 80% of $3.345Billion) = AUD$2.676 Billion … or $0.87 a share !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

https://hotcopper.com.au/threads/next-dividend.6715126/page-216?post_id=65944758

Tony