Im fairly new to the mining industry as I mainly invest in techbology but have recently been looking at adding some high dividend returns instead of having $$$ sitting in the bank. In this I have found FMG, so in honest opinion i'm kind of sceptical if they will be able to maintain such a high dividend and SP in the long run as more suppliers are introduced the IO price will fall and in which so will FMG's SP, profits and dividend returns.
Obviously the future is the future and anything could happen but am I being naive in hoping my $20 buy in is not going to devalue significantly in the next 5 years to the point in which the dividends are hardly worth it?
Im fairly new to the mining industry as I mainly invest in...
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Last
$19.55 |
Change
0.050(0.26%) |
Mkt cap ! $60.19B | |||
| Open | High | Low | Value | Volume |
| $19.98 | $20.30 | $19.51 | $184.3M | 9.305M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2568 | $19.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.56 | 44282 | 3 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |