FMG 1.67% $19.49 fortescue ltd

Ann: Dividend/Distribution - FMG, page-273

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  1. 4,043 Posts.
    lightbulb Created with Sketch. 790
    Dividend is likely to be anything from $1.08 to $1.25
    It gets down to what percentage of profits they base it on.

    It can be anything from 50% to 80% of profits go into dividends.

    Currency still low at $0.66US

    Last dividend was on profits of 65%

    They have started to sell some of their FFI projects to customers so I am thinking the final divvy
    will be over $1 maybe anything from $1.08 to $1.25

    Also at play is that fact Forrest might want more cash since going the divorce so maybe a bigger
    share of profits this time round.

    Its all guess work.


 
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