I'm assuming an average iron ore price of USD$115 for the half year - and FMG to receive USD$105 a tonne. This will confirm the September divvie of AUD$1.20 as per below:
Average price received: USD$105 a tonne
FMG 'All in' cost: USD$55 a tonne (incl. C1, interest, depreciation)
Net Profit: USD$4.75 BILLION
AUD/USD Exchange Rate: $0.68c
AUD Net Profit: AUD$6.985 Billion
AUD Tax Payable (@30%): AUD$2.095 Billion
Net Profit available (for Dividend): AUD$4.89 Billion
Dividend @ 75% payout ratio (i.e 75% of $4.89 Billion) = AUD$3.67 Billion … or $1.20 a share
Iron ore price, page-49856
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Last
$19.90 |
Change
0.355(1.82%) |
Mkt cap ! $60.44B | |||
| Open | High | Low | Value | Volume |
| $19.73 | $19.91 | $19.57 | $36.78M | 1.863M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 6747 | $19.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.90 | 2845 | 9 |
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| FMG (ASX) Chart |