Iron ore price, page-27442

FMG went up today due to news of FMG making $1.2B in December alone made the news so investors piled in.
Just as likely to go back down tomorrow.

Iron ore up so far tonight though at $166.95 US/T
https://www.sgx.com/derivatives/products/iron-ore?cc=FEF

Currency at about $0.77 US

Some one ought to post graphs on each dividend cycle.
Share price drops back leading into the announcement but as soon as its made the share price zooms
up only to fall back and stays like that until money goes into peoples bank accounts before it zooms up even faster.

Last year the returns was $1.76 and this year the total divs is expected to be $3.40 with a March div of $1.40 and a final one at $2 making a total of $3.40

Iron ore price still the big unknown as is the currency.

Last divvy of $1 the currency was far lower at $0.66US and now its about $0.77US and likely to stay that way.

I suspect a div of $1.45 then go add franking credits come the Feb announcement.

Rivers of red gold and the gravy train.