FMG has a policy of paying shareholders between 50% and 80% of NPAT as dividends. The smart play and the only play is to invest accordingly to continue to build the company for the long term growth and if that includes “slashing” the dividend down to 50% of NPAT in the short term to fund projects and moves into new markets like green hydrogen then I am all for it. Even at 50% or NPAT, it is still one of the best dividend returns on the ASX. If shareholders don’t like the company diversifying from being a pure IO miner then they can sell up and move on.
Full steam ahead AF!
FMG has a policy of paying shareholders between 50% and 80% of...
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Last
$21.62 |
Change
-0.425(1.93%) |
Mkt cap ! $67.86B | |||
| Open | High | Low | Value | Volume |
| $21.61 | $21.67 | $21.53 | $81.19M | 3.564M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1990 | $21.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.62 | 462 | 4 |
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| Last trade - 10.32am 19/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |