FMG 3.28% $19.50 fortescue ltd

Ann: December 2023 Quarterly Production Report, page-17

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  1. 3,522 Posts.
    lightbulb Created with Sketch. 1063
    Best to look at the previous half reports, not previous quarterly reports...as Dividends were AU$3 Billion which makes a large impact to the cash position.

    Cash balance of US$4.0 billion and net debt of US$2.1 billion at 31 December 2022, dividend 75c
    Cash balance of US$4.3 billion and net debt of US$1.0 billion at 30 June 2023 , dividend 100c

    Cash balance of US$4.7 billion and net debt of US$0.6 billion at 31 December 2023. dividend 100c+ ???

    I think they'll be conservative with the dividend to allow extra capital spending, so probably $1 or just over
 
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