86c x 1.42 (Franking credits) = $1.22
On the lower end but all shareholders know the SP and the dividends are volatile in mining stocks or any company that is a price taker. The rewards for putting up with short to medium term SP and dividend fluctuations is the big fat oversize dividends when the IO price has a good six months.
Here is a interesting comparison, the average house in a major city in Melbourne or Sydney sits around the $1m mark. As a investment property once you take out all your fees you would be lucky to be left with $10k annual return for your troubles.
The same $1m invested into FMG at yesterdays closing price would return you $79,500 in dividends if you include two 86c dividends for the year. If you add franking credits that works out to $113PA that you would have to earn as a PAYG to bring home the same return.
Even at these levels the difference between investing in property and shares is startling, not financial advice as just pointing out the facts . Have opted out of the DRP this time around and will start topping up some time after it goes ex dividend.
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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. |
---|---|---|
$20.36 | 4581 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 20.340 |
2 | 9000 | 20.320 |
3 | 6016 | 20.300 |
2 | 219 | 20.290 |
2 | 4746 | 20.280 |
Price($) | Vol. | No. |
---|---|---|
20.360 | 4581 | 2 |
20.370 | 149 | 1 |
20.410 | 1000 | 1 |
20.420 | 10 | 1 |
20.430 | 2200 | 1 |
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