FMG 0.99% $25.57 fortescue ltd

FMG - 2021 Interim Dividend, page-5

  1. 2,101 Posts.
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    Folks, increasing the average price FMG receives to USD$110 a tonne (from USD$105 a tonne) increases our next dividend to $1.35 a share!!!!

    FMG6 mths production: 90 million tonnes

    Averageprice received: Say USD$110 a tonne

    FMG'All in' cost: USD$45 a tonne (incl. C1, interest, depreciation)


    Net Profit: USD$5.85 BILLION

    AUD/USDExchange Rate: $0.73c


    AUD Half-year Interim Profit: AUD$8.0 Billion

    AUDTax Paid (@30%): AUD$2.4 Billion

    NetProfit available (for Interim Dividend distribution): AUD$5.6 Billion

    InterimDividend @ 75% payout ratio (i.e 75% of $5.60 Billion) = AUD$4.2 Billion … or$1.35 a share

 
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