Not to forget BHP, RIO et al all have investment ratings and investors (super funds etc) that must be kept satisfied with dividends.
The push to increase dividends was raised by Blackrock to both BHP and Rio boards.(previous post)
I do believe what Nev said about this being BHP/RIO senior management decisions not broadly discussed with shareholders/investors.
The difference is FMG has investors that are prepared to reduce or go without dividends.
IMHO that alone will see FMG be one of the last standing.
Not to forget BHP, RIO et al all have investment ratings and...
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Last
$21.86 |
Change
0.040(0.18%) |
Mkt cap ! $67.30B | |||
| Open | High | Low | Value | Volume |
| $22.18 | $22.18 | $21.69 | $119.2M | 5.445M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14450 | $21.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.87 | 152 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| FMG (ASX) Chart |