FMG 3.61% $20.10 fortescue ltd

Dividend will be anything from $1.35 to $1.65To hard to work...

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    Dividend will be anything from $1.35 to $1.65
    To hard to work out. Ore price is quite high and who knows what percentage of profits they'll base it on this next time.

    Markets are predicting it to be $1.40 and $2 final for a total of $3.40 for 2021.
    They always under estimate what its likely to be.

    Last Div they expected it to be 76c again but it was $1 and before that they were suggesting it to be 40c and it was 76c.

    Maybe we will see a bonus div which I think happened in 2018?? with a total of 3 payouts for that year of $1.13 I think.

    When the div was $1 the highest the ore price got for that period was $120US/T before it went way down below $1.
    Its started at about $1.10 and been consistently getting higher and staying above $150US/T.

    Currency up around $0.75US in the current period.
    Currency when the payout was $1 was around $0.66US.

    So we all eagerly wait for the likely dividend which comes out Feb 2021.

 
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