"Tony, with all due respect mate, your terminology "a good dividend now" is a gross understatement, it's comppararably huge!....12.01%(+frankings), compared to BHP's measly 5.92%. The carbon addicts must be gnashing their teeth!"
Of all the Kool-Aid induced delusions concerning this stock, the "12% DY, folks!" one is the most egregiously flawed.
Seriously, do you really believe, with:
1.) the iron price at a three-year low, and down almost 25% on the average of the previous 12-months, and
2.) significant calls on capital facing the company,
....that FMG's dividend will be maintained at the $2.08 cents per share that was declared in respect of the last two financial results, which equates to the "+12.01%" DY which you envisage?
"Obviously those comparative figures are a manifestation of our plunging SP."
Nope; wrong take, I'm afraid.
Instead, the thing which is obvious is that those comparative figures are a manifestation of plunging share price - quite reasonably - anticipating a large reduction in FMG's dividend.
You really should stop perpetuating that 12% DY myth if you want to be taken to avoid being taken as little more than a mere paid shill for the stock.
.
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Last
$19.41 |
Change
0.420(2.21%) |
Mkt cap ! $59.76B |
Open | High | Low | Value | Volume |
$19.19 | $19.55 | $19.10 | $98.59M | 5.097M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 32185 | $19.38 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$19.43 | 946 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 31185 | 19.380 |
2 | 2000 | 19.370 |
1 | 2000 | 19.360 |
1 | 10000 | 19.350 |
4 | 14530 | 19.340 |
Price($) | Vol. | No. |
---|---|---|
19.430 | 946 | 2 |
19.450 | 4300 | 2 |
19.490 | 14477 | 1 |
19.500 | 10500 | 2 |
19.510 | 78055 | 2 |
Last trade - 16.10pm 28/10/2024 (20 minute delay) ? |
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FMG (ASX) Chart |