It certainly spells it out very positively.
The 30% dividend ratio produces an annual $0.40 this year however you'd think FMG would be a bit conservative an may announce a $0.15 interim. I think I saw Macquarie forecasting a $0.30 annual dividend.
The report I refer to keeps NPAT stable around $3.5B through to the end of 2016FY although not certain of the iron ore and AUD levels they have modeled their forecast on.
Certainly if those two items turn out to be more favorable, there may well be a lot of cream on top. I’ll cheer your $5B down the straight!!
It certainly spells it out very positively. The 30% dividend...
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Last
$19.50 |
Change
0.620(3.28%) |
Mkt cap ! $60.03B | |||
| Open | High | Low | Value | Volume |
| $19.03 | $19.50 | $18.97 | $134.1M | 6.935M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $19.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.50 | 30744 | 25 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |