My calculations of a dividend of $1.25 a share were based on FMG realising an average price of USD$105 a tonne (for the half year).
With the iron ore price quickly approaching USD$140 a tonne, that "average price" that we're receiving is looking like being way above USD$105.
Perhaps my expectations of the next dividend of $1.25 a share are too conservative???!!!!
It is apparent that the market also seems to have finally realised this and the share price has re-rated and smashed through $20.00 ....
FMG - 2021 Interim Dividend, page-4
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Last
$25.66 |
Change
0.090(0.35%) |
Mkt cap ! $79.00B | |||
| Open | High | Low | Value | Volume |
| $25.72 | $25.86 | $25.63 | $77.37M | 3.012M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 11417 | $25.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.70 | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$25.72 |
Change
0.090 ( 0.55 %) |
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| Open | High | Low | Volume | ||
| $25.72 | $25.86 | $25.64 | 785342 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| FMG (ASX) Chart |