FMG 0.49% $18.18 fortescue ltd

FMG 2H 2020 Profit & Dividend Calculation

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    FMG half-year production: 85 million tonnes

    FMG average price received: Say USD$70 a tonne

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

    Net Profit: USD$2.125 BILLION

    AUD/USD Exchange Rate: $0.62cAUD

    Half-year Profit: AUD$3.43 Billion

    AUD Tax Paid (@30%): AUD$1.03 Billion

    Available for Dividend Distribution: AUD$2.4 Billion

    Full-year Dividend … say @ 75% payout ratio (i.e 75% of $2.4 Billion) = AUD$1.8 Billion … or $0.60c a share
 
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