The funny thing here is that we all sound crazy talking about a 25% dividend yield and it sounds like none of know what we are doing it is so unusual.
Yet FMG has just paid a half year franked $2.11 dividend. It is on track to pay a half year dividend in February of between $1.20 and $1.70 franked. Then from mid to late next year the IBO project ramps up and the cash gushes further.
I have been a shareholder just over 18 months. I paid about $10 for the shares and have already recieved over $5 franked in dividends plus the share price has risen 40%.
And yet the way the share price is going a share price of $10 is very plausible and so a dividend yield of greater than 20% franked is very plausible.
FMG may be a dividend trap but I don't think so. I think it is just great value. The market for whatever reason is under valuing the company. Buy the shares as cheaply as you can.....never sell them.....and enjoy the dividends.
Breaking: CHINA CUTTING OUTPUT, page-31
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$19.49 |
Change
0.320(1.67%) |
Mkt cap ! $60.00B | |||
| Open | High | Low | Value | Volume |
| $19.06 | $19.51 | $18.92 | $114.2M | 5.891M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $19.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 5200 | 4 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |