FMG 1.35% $27.38 fortescue ltd

Did I forget the wet/dry conversion? Dividend is about...

  1. 2,928 Posts.
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    Did I forget the wet/dry conversion?
    Dividend is about $1.00/half

    $100/wmt
    =$90.284/dmt
    -$18 for C1
    -$7.5 for royalties
    -$13.5 sustaining capex
    -$1.5 Admin
    -$8 shipping
    =$41.784 basic costs

    -30% tax
    =$29.2488/dmt
    x 95 million tonnes
    =$2.778 Billion USD cashflow.
    x 70% payout
    = $1.945 Billion USD for dividends.
    = $3.1 B AUD
    = $1.00 dividend per half.

    (all roughly


 
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