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4.01%

$19.73 fortescue ltd

That's a 6 month yield they have quoted.Typical shite...

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Gordy56

748 Posts.

259

11/05/21

11:08

Post #: 53088249
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Originally posted by puka: ↑

Bell Potter forecasts FMG final dividend $2.57
Vesna Poljak
The historic iron ore price rally puts Fortescue Metals Group in pole position to pay a final dividend of $2.57 a share, according to broker Bell Potter, taking its full-year payout to $4.04 a share.
Bell Potter analyst David Coates upgraded his final dividend estimate from $2.41 a share, and concludes the stock is trading on a yield of 10.4 per cent. The broker's new target price is $23.96 from $23.85 and its recommendation lowered to "hold" from "buy" as the upside for the stock from higher prices appears largely capped.
Assuming an interim dividend of $1.78 in 2021-22, the forward looking dividend yield is 17.5 per cent fully franked and $4.35 a share (final plus interim).
In a scenario where the spot price held to the end of the June quarter -- for an average of $US200 -- Bell Potter finds the final dividend could be as high as $2.62 a share, but that's only 5¢ higher than its base case.
Unfavourable exchange rate moves and higher costs are the two main offsets to higher earnings, Mr Coates finds.

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That's a 6 month yield they have quoted.
Typical shite reporting.
Gordy

FMG Price at posting: $24.22 Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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(20min delay)
Last $19.73		Change 0.760(4.01%)		Mkt cap ! $60.74B

Open	High	Low	Value	Volume
$19.11	$19.90	$19.11	$207.2M	10.61M

Buyers (Bids)

No.	Vol.	Price($)
1	55717	$19.73

Sellers (Offers)

Price($)	Vol.	No.
$19.76	15000	1

View Market Depth

No.	Vol.	Price($)
1	55717	19.730
1	48855	19.710
2	20932	19.700
2	27174	19.690
1	1000	19.680

Price($)	Vol.	No.
19.760	15000	1
19.790	3715	1
19.800	2400	3
19.840	4500	2
19.850	18050	2

Last trade - 16.10pm 10/10/2024 (20 minute delay)

FMG (ASX) Chart

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