So, here we are with just 2 more weeks left in this March Quarter.
Despite recent hysterical media commentary, the Iron Ore price is currently sitting at a very healthy USD$166.30 a tonne !!!!
I am very comfortable re-iterating my forecast of AUD$2.00 a share for the Full-Year dividend. Here are my calculations:FMG6 months production: 90 million tonnes
Averageprice received: Say USD$145 a tonne
FMG'All in' cost: USD$45 a tonne (incl. C1, interest, depreciation)
Net Profit: USD$9.0 BILLION
AUD/USDExchange Rate: $0.775c
AUD Half-year Interim Profit: AUD$11.613 Billion
AUDTax Paid (@30%): AUD$3.484 Billion
NetProfit available (for Interim Dividend distribution): AUD$8.129 Billion
InterimDividend @ 76% payout ratio (i.e 76% of $8.129 Billion) = AUD$6.178 Billion … or$2.00 a share
FMG - 2021 Interim Dividend, page-551
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Last
$18.88 |
Change
-0.210(1.10%) |
Mkt cap ! $58.13B | |||
| Open | High | Low | Value | Volume |
| $19.25 | $19.26 | $18.80 | $114.8M | 6.045M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 2485 | $18.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.91 | 185 | 1 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |