I've been saying for weeks now the dividend likely to be $1.20 a...

I've been saying for weeks now the dividend likely to be $1.20 a share and love those franking credits as well.
It all depends on the payout ratio.

Maybe with Forrest divorce he needs more money so it might be 80% of profits.
What ever it is I'll be thrilled with.

Its good the Aussie dollar still at $0.65US and dropping.

My average buy for FMG is just above $9 so the stock has gone up 3 fold and the dividends wow.

I sold everything January of 2020 when I knew a pandemic was coming and said so in AWC of hotcopper.
Then bought back at just over $9 in I think March of that year. FMG got as low as $8.20

Bought back at just over $9 and the dividends have nearly paid for what I bought the shares for nearly 4 years later.

Going back to 2007 and that crash when the stock fell to $1.13 I didn't buy back in until $2.57 I think it was.

Iron ore about the safest stock there is and just be mindful of market corrections or crashes which
are the best time to buy in.

In the next 5 to 10 years I see FMG above $50 a share.
While my friends put their wages into super I put it into the stock market and been able
to retire years earlier while they still work for another 10 years.

I live a great life due to FMG.

I was hoping PLS would go better than it has but over supply issues there world wide and poor ev sales
and hoping it picks up in a year or so. If not I may bail and go more into FMG.