FMG - 2021 Interim Dividend, page-133

This upcoming dividend and future dividends are just to good to ignore. I know you have to be careful of dividend traps a la as we have seen with TLS. Unlike FMG they were paying out 100% and sometime more of all net profit to lure in shareholders and keep the SP up.

FMG does not have that overly generous payout ratio that leaves you nothing to reinvest back into the company or for a downturn in profits. The PE is still way to low in comparison to their higher cost IO peers and because of that even when the eventual price drop in IO comes down off these peaks today's share price is still cheap. Over the short to medium term we will see massive increase in FCF and dividends but even when IO price comes down the dividend will still surpass any other top ASX50 bluechip company on the ASX.

I rejigged my portfolio this morning and added another 220,000 shares to my FMG holding and will use left over dividends to further diversify down the track.

Good luck to all holding and I see a lot more interest and money coming into the company leading up to the next dividend announcement next month.