FMG 0.49% $18.18 fortescue ltd

Iron ore price, page-28629

  1. 910 Posts.
    lightbulb Created with Sketch. 190
    Hey Rick - To help ease your concerns you should read this - https://www.fmgl.com.au/docs/default-source/default-document-library/dividend-reinvestment-plan.pdf?sfvrsn=e33f2103_2 (FMG Dividend Reinvestment Plan)

    Specifically this section:
    https://hotcopper.com.au/data/attachments/2971/2971220-2ca287e03a55679b9b669572b764e26c.jpg


    So there is a financial benefit to those in the DRP to suppress the price for 10 days after ex-div date so their divvies buy them a few extra shares

    10th March is the final day and given the price of IO and fundamentals haven't changed negatively, the march back up should begin
 
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