86c x 1.42 (Franking credits) = $1.22
On the lower end but all shareholders know the SP and the dividends are volatile in mining stocks or any company that is a price taker. The rewards for putting up with short to medium term SP and dividend fluctuations is the big fat oversize dividends when the IO price has a good six months.
Here is a interesting comparison, the average house in a major city in Melbourne or Sydney sits around the $1m mark. As a investment property once you take out all your fees you would be lucky to be left with $10k annual return for your troubles.
The same $1m invested into FMG at yesterdays closing price would return you $79,500 in dividends if you include two 86c dividends for the year. If you add franking credits that works out to $113PA that you would have to earn as a PAYG to bring home the same return.
Even at these levels the difference between investing in property and shares is startling, not financial advice as just pointing out the facts . Have opted out of the DRP this time around and will start topping up some time after it goes ex dividend.
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86c x 1.42 (Franking credits) = $1.22 On the lower end but all...
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Last
$17.97 |
Change
0.710(4.11%) |
Mkt cap ! $55.32B |
Open | High | Low | Value | Volume |
$17.30 | $18.03 | $17.13 | $198.6M | 11.21M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 31540 | $17.95 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$17.98 | 24196 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 31540 | 17.950 |
1 | 34 | 17.940 |
2 | 200 | 17.920 |
1 | 100 | 17.910 |
3 | 3734 | 17.900 |
Price($) | Vol. | No. |
---|---|---|
17.980 | 24196 | 6 |
17.990 | 200 | 1 |
18.000 | 1934 | 6 |
18.010 | 200 | 1 |
18.020 | 2743 | 2 |
Last trade - 16.10pm 21/08/2024 (20 minute delay) ? |
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FMG (ASX) Chart |