Although it would be great to see an increase to $0.15 ($0.25 for the FY), a steady dividend policy is always the sought therefore I think $0.10 is the money.
Especially given the planned repayment of $900M Notes (due 2018) by December 2014 and then $1B in Notes (due 2017) by June 2015.
If both of those get away and we see good margins of $20USD and the exchange drop back to $0.85 which doesn’t seem all that unreasonable given data out US, we might see increases in dividends up to maybe $0.30 for the full year for FY15.....perhaps I am a year too early though and it might be FY16.
Although it would be great to see an increase to $0.15 ($0.25...
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Last
$20.29 |
Change
0.145(0.72%) |
Mkt cap ! $62.67B | |||
| Open | High | Low | Value | Volume |
| $20.41 | $20.76 | $20.28 | $98.87M | 4.783M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 8810 | $20.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.29 | 3761 | 13 |
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| Last trade - 14.26pm 26/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |