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3.29%

$20.41 fortescue ltd

Iron ore price, page-28244

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kewjonson

1,150 Posts.

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22/02/21

11:48

Post #: 51209936
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Originally posted by shooshka: ↑

I wouldn't class myself as savvy... but I'll have a crack at answering your question (or at least providing you with some insight into how I make my decision).

- Historically (this is from my memory, but pretty sure the data backs it up) the SP has been lower than the DRP price at/around the time of the dividend payment. Buying on-market has been possible at a lower rate for recent dividends (not a prediction for the future).
- DRP has no fees (so the smaller the income, the more incentive to go with DRP as there is no brokerage)
- DRP can be 'set and forget'. You don't have to watch the market to get the right buy-in price
- DRP may have tax implications (in regards to cash-flow). If you are on a personal tax rate above 30% you will need to pay tax on the dividend (regardless of whether it is cash or DRP). If it is substantial enough you will have a large out-of-pocket expense but no cash incoming (because it is all re-invested).

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Feel sorry for the retail investors who sold on Friday. It is going to be a great week ahead.

FMG Price at posting: $25.01 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $20.41		Change 0.650(3.29%)		Mkt cap ! $62.81B

Open	High	Low	Value	Volume
$19.91	$20.50	$19.90	$123.0M	6.079M

Buyers (Bids)

No.	Vol.	Price($)
16	13948	$20.40

Sellers (Offers)

Price($)	Vol.	No.
$20.41	1896	10

View Market Depth

No.	Vol.	Price($)
24	9584	20.380
12	24799	20.370
13	6526	20.360
17	10717	20.350
5	4128	20.340

Price($)	Vol.	No.
20.390	1674	6
20.400	8258	12
20.410	9995	13
20.420	6162	10
20.430	8498	11

Last trade - 15.22pm 07/10/2024 (20 minute delay)

FMG (ASX) Chart