Looking at those prices, hard to believe that FMG was able to pay a dividend of:
- $0.36 in 2018 FY (IO at $49with $4bn in debt at 30 June 2018?)
- $1.02 in 2019 FY
So if i read this right, even if IO averages at say $70, FMG holders can expect atleast $1.00 div or 7% fully franked.
You will repay your investment in 13 years (not accounting for tax - assuming franking credits cover your tax).
Iron ore price, page-39611
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Last
$21.26 |
Change
-0.450(2.07%) |
Mkt cap ! $65.45B | |||
| Open | High | Low | Value | Volume |
| $21.70 | $21.70 | $21.02 | $145.2M | 6.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9760 | $21.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.27 | 7866 | 4 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |