FMG 1.10% $19.76 fortescue ltd

Iron ore price, page-31146

  1. 3,635 Posts.
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    Seaborne stable, shows the price of IO before the recent CCP spat the dummy. I like the juxtaposition between the seaborne and the futures. $200 here we come!

    With prices hovering at above $150 for at least the next half and likely higher a $2.5 div for 1st half in FY22 looks very achievable, all things being equal.

    $2.5 div is a $3.57 gross up yield!!!

    Add that to the predicted grossed up yield for this half which I predict to be around $2.91 based on a $2.04 divvy.
    cha Ching!

    #ironoreforlonger
    https://hotcopper.com.au/data/attachments/3156/3156983-23479ad7616958a57eeb7cb268613afe.jpg
    https://hotcopper.com.au/data/attachments/3156/3156986-630c30bebc3c5fc5729c5b21c49eca4b.jpg
 
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