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
$21.91 |
Change
0.340(1.58%) |
Mkt cap ! $66.99B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.95 | $21.54 | $69.63M | 3.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24039 | $24.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.71 | 911 | 1 |
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| Last trade - 15.59pm 03/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |