FMG 0.10% $19.17 fortescue ltd

Iron ore price, page-36716

  1. 2,357 Posts.
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    Well this is the rough calculation I use to work out whether it paid to buy shares in FMG last Friday to qualify for Sep dividend dividend by buying on the day to participate in the DRP.

    $20.85 SP close on the 3rd of Sept

    $2.11 divi x 1.215% = $2.56
    Which is half the franking credit used as a offset against your tax liabilities depending on your tax bracket

    $20.85 - 2.56 = $18.29

    The DRP price needs to come down to at least $18.29 to have made participating in the DRP worthwhile and holding FMG shares as of last Friday.
    Even after the DRP is calculated its anyone's guess if a lower price than the DRP will present itself between now and the next dividend next year. I dont like to gamble so I try to avoid trying to time the market and look at the big picture. I dont begrudge those that jump in and out of the stock and if it paid to be out of the stock prior to going ex dividend so be it.
 
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Last
$19.17
Change
-0.020(0.10%)
Mkt cap ! $59.02B
Open High Low Value Volume
$19.22 $19.41 $19.13 $134.6M 6.997M

Buyers (Bids)

No. Vol. Price($)
1 52 $19.15
 

Sellers (Offers)

Price($) Vol. No.
$19.20 1239 2
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Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
FMG (ASX) Chart
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