FMG 2.21% $16.66 fortescue ltd

Excellent work, I will be stocked if a half year dividend of...

  1. 3,510 Posts.
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    Excellent work, I will be stocked if a half year dividend of $1.60 is declared. Based on AF's track record of wanting large dividend payouts, you could be spot on the money.

    In any event a full year dividend of say $2.50 to $3.00 would be great, and they could use some cash to strengthen the balance sheet while the IO price is high by repaying some debt as a precaution should hard times hit again.

    What ever the case is with the dividend now No. 6 by market cap with the best dividend yield of the top ASX 50 companies if not the market
    Go back 10 years and check the financials against the financial position now.

    I had plenty of margin calls to meet, impending divorce but am I glad I picked the right company to take a risk with.

    Sold 50% of holdings far too soon, but I could not have imagined that the share price would be close to $24 and IO hitting $170mt so soon.

    Greed killed me before, not again I am happy with the holding I have and no longer care about the sp so much, the dividend is what interests me. Even at $1.00 dividend each year I will be more than happy, there is no other investment that I could make that would give a hassle-free return, with potential for capital gains and tax effective use of franking credits
 
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Last
$16.66
Change
0.360(2.21%)
Mkt cap ! $51.29B
Open High Low Value Volume
$16.50 $16.74 $16.31 $150.0M 9.072M

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No. Vol. Price($)
1 600 $16.65
 

Sellers (Offers)

Price($) Vol. No.
$16.67 40000 1
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Last trade - 16.10pm 12/09/2024 (20 minute delay) ?
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