FMG 1.52% $22.02 fortescue ltd

c1 cost down to $13 wmt, page-35

  1. 1,228 Posts.
    The dividend is not much. AUD3c from earnings per share of AUD14.2c and free cash flow per share of about AUD29c (I did not include debt repayments in the 29c free cash flow calculation since that was a voluntary decision of the company). They could have easily raised the dividend to 4c but that is probably a bit cheeky in the current climate. No mention of further debt repayments from January so they probably have US$2.4 billion in the bank at the moment. No wonder Twiggy has looked more relaxed lately.
 
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$22.02
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