"Tony, with all due respect mate, your terminology "a good dividend now" is a gross understatement, it's comppararably huge!....12.01%(+frankings), compared to BHP's measly 5.92%. The carbon addicts must be gnashing their teeth!"
Of all the Kool-Aid induced delusions concerning this stock, the "12% DY, folks!" one is the most egregiously flawed.
Seriously, do you really believe, with:
1.) the iron price at a three-year low, and down almost 25% on the average of the previous 12-months, and
2.) significant calls on capital facing the company,
....that FMG's dividend will be maintained at the $2.08 cents per share that was declared in respect of the last two financial results, which equates to the "+12.01%" DY which you envisage?
"Obviously those comparative figures are a manifestation of our plunging SP."
Nope; wrong take, I'm afraid.
Instead, the thing which is obvious is that those comparative figures are a manifestation of plunging share price - quite reasonably - anticipating a large reduction in FMG's dividend.
You really should stop perpetuating that 12% DY myth if you want to be taken to avoid being taken as little more than a mere paid shill for the stock.
.
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B |
Open | High | Low | Value | Volume |
$20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 38056 | $20.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$20.15 | 20000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7000 | 20.080 |
1 | 5000 | 20.050 |
3 | 2700 | 20.020 |
8 | 2885 | 20.000 |
1 | 2500 | 19.990 |
Price($) | Vol. | No. |
---|---|---|
20.160 | 11740 | 2 |
20.180 | 180 | 1 |
20.200 | 966 | 1 |
20.260 | 3200 | 1 |
20.280 | 993 | 1 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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FMG (ASX) Chart |