I agree. When the dividend announcement came along with half a dozen other updates on the dual listing end, WPL, etc... the SP got beaten from $51.88 to $44.34 in 4 days roughly about 14.5% down. Part of the sentiment was a direct reflection of iron ore price slide.
Dividend is estimated to be around $2.78 aussie which is amazing yield.
If the Iron Ore price keeps showing resilience/improvement, the post dividend price movement will be interesting to watch as I believe most of the damage was premature. I won't be surprised if post dividend recovery would be quicker than we all expect.
PS: Last day is not 2nd September, it's first September as we have T+1 settlement. So if you are dividend hungry, 1st September is the date you need to board the train.
I agree. When the dividend announcement came along with half a...
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