Just in case any one missed it- the high IO price has led to a record dividend from other miners, like BHP. FMG's final dividend will be announced on Monday. The influencing factors are the same, however, as we know, fmg has already paid 90 cents in dividends this year. This from the Wall Street Journal, 3 days ago:

BHP Pledges Record Payout as Profit Surges

World’s largest miner reports $8.31 billion profit in latest fiscal year, aided by iron-ore prices

A freight train carrying iron ore traveled toward Port Hedland, Australia, in March. The commodity recently surged to a 5½-year high. PHOTO:IAN WALDIE/BLOOMBERG NEWS

By

Rhiannon Hoyle

Updated Aug. 20, 2019 5:47 am ET

SYDNEY—BHP Group Ltd. said it would pay a record dividend to shareholders, making it the latest global miner to lift returns even as data point to a global slowdown in economic growth.

BHP benefited from a sharp rise in iron-ore prices as China increased infrastructure spending and as supply was held back by production cuts in Brazil following a second deadly spill of mining waste in the past four years.

On Tuesday, BHP said it would pay a dividend of US$1.33 a share for the full year, above its own policy of returning 50% of earnings to shareholders. The miner reported a US$8.31 billion net profit for the 12 months through June—its highest in five years—reflecting the higher iron-ore price and one-off charges much lower than a year earlier.