I keep a detailed track of average iron ore price, AUD/USD, guidance on shipping etc.
Assuming IO prices and Exchange rate doesn't change to 30 June i'm conservatively expecting 7.6B net profit after tax which is down on last years $10.3b after tax.
Still not a bad year and assuming they pay 80% as they did in FY21 this equates to around $2.75 for the year. If Iron Ore falls to 30 June expect less, if iron ore rises expect more.
Conservatively I am pencilling in $1.40 for this dividend and $1.10 for final dividend.
I actually think Iron ore will continue rising to the end of the year though so this final dividend could be bigger but that is speculation. I'm waiting with gun powder to buy big on any dip that exceeds the dividend after ex dividend date.
Interim 2022 dividend, page-46
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