FMG 1.56% $18.97 fortescue ltd

next dividend, page-180

  1. 6,284 Posts.
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    That's around $1.84 AUD dividend and $0.789 Franking credits each share at todays Fx. Not bad at all if Commsec consensus estimate is close for FMG.
    https://hotcopper.com.au/data/attachments/4620/4620365-7198b90b8438fa7392a19c2057f88b38.jpg

    I actually think FMG will exceed the dividend estimate above because Commsec was a bit conservative with the BHP dividend. As it stands BHP is currently paying $1.75 USD, 24c more or 15.9% more than the estimate below. That's around $2.53 AUD and $1.071 Franking Credits at todays Fx. But then again BHP doesn't have to fund an FFI equivalent, so can afford to yield a little extra.
    https://hotcopper.com.au/data/attachments/4620/4620356-f6ca08e2f1d4f2755b4039e2f97e5c9c.jpg

    Happy to have both in the portfolio.
    Last edited by Exised: 24/08/22
 
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