In exactly 5 weeks from today, the first-half trading period closes and FMG will begin to calculate, literally, the Billions & Billions of dollars earned in Revenue (and Profit) for the 6 month period to 31 December 2019. The Board will then determine how much to distribute back to shareholders by way of the half-yearly dividend.
On 19 February 2020, the company will announce its Half Year results (and announce the date the half-yearly dividend will be paid)
Keep in mind that the AUD/USD exchange rate has not been over 69c in the past 4 months. The iron ore price is once again rallying and is now almost USD$91 a tonne. (It's up 15.1% since November 11)
I expect shareholders will be in for a very nice surprise, and have calculated a AUD$0.50 a share dividend will be announced.
Half-Yearly Dividend looking good
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Last
$16.25 |
Change
-1.450(8.19%) |
Mkt cap ! $49.72B | |||
| Open | High | Low | Value | Volume |
| $16.25 | $16.32 | $16.07 | $108.8M | 6.716M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 10365 | $16.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.25 | 10856 | 15 |
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| Last trade - 12.10pm 04/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |