My opinion, management need to seriously look at announcing the payout ratio for the half will be wound back to 70%. Note that with the recent price rises this will be equal to or larger than the expected dividend @ 80% that most have forecast for the last few months.
With the 'withheld' 10%, do 1 of 3 things (in order of preference): build a war chest for acquisition, use for buy-back (the mechanism is in place), pay off debt (I know it has long expiry dates - but maybe time to get rid of it).
The dividend and yield clearly isn't going to cause any further SP appreciation - so use the once-in-a-lifetime bounty to further grow earnings per share for the future!
Iron ore price, page-31577
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Last
$20.35 |
Change
0.210(1.04%) |
Mkt cap ! $62.65B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.26 | $183.4M | 8.943M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2123 | $20.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.36 | 4581 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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