Many other stocks with this thread so let me kick this off.
Was looking to sell at above 4 but missed the chance, been kicking myself since Iron Ore has crumbled from 125 to 95 since then, but amazingly DRR is not too badly down.
Should I sell now while I have the chance?
Approx Dividend Calc for the year. They've done 60M Q1, BHP is on track for 55-60M DMT in last 3 quarters, let's take low range to be safe.
Divi = 60 + (55M DMT x 85 (average price assumption for rest of year) / AUD/USD 0.75 * 0.01232) - 6M = 60M + 76M - 6M (Board fees) = 130M
So Gross Yield incl. Franking of 6.5%, or Normal Dividend Yield (ex Franking of 4.6%). Bit below the big 4 banks at current prices.
DRR Price at posting:
$3.85 Sentiment: Hold Disclosure: Held
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