Hi bookarelli.
I refer you to CIA. It had no dividend and a higher PE than GRR as a premium product iron ore supplier.
Dividends are an easy way out for a discussion for uninformed investors. If GRR had a coherent investment strategy for growth and zero dividends that would be fine. Similarly FMG paying very high dividend percentages is fine. Both have a strategy.
Dividends are not the issue. The issue is whether the board is using company money well. That is the key question for Grange to assess the board by.
Hi bookarelli. I refer you to CIA. It had no dividend and a...
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31.0¢ |
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Mkt cap ! $358.7M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 32.3¢ | 31.0¢ | $465.1K | 1.472M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 131681 | 31.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 32.0¢ | 28097 | 3 |
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