If the iron ore and AUD holds at current levels then the dividend will be between 7.5-10.5 cents. This is based on the policy of paying out 50-80% of retained profits after tax. That's a yield of 24 to 34%. Outstanding. I'll be very surprised if the dividend declared in Sept is not in this range.
Ann: Fenix extends Iron Ore Hedging Cover, page-17
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