My opinion, management need to seriously look at announcing the payout ratio for the half will be wound back to 70%. Note that with the recent price rises this will be equal to or larger than the expected dividend @ 80% that most have forecast for the last few months.
With the 'withheld' 10%, do 1 of 3 things (in order of preference): build a war chest for acquisition, use for buy-back (the mechanism is in place), pay off debt (I know it has long expiry dates - but maybe time to get rid of it).
The dividend and yield clearly isn't going to cause any further SP appreciation - so use the once-in-a-lifetime bounty to further grow earnings per share for the future!
Iron ore price, page-31577
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$18.18 |
Change
-0.090(0.49%) |
Mkt cap ! $55.97B | |||
| Open | High | Low | Value | Volume |
| $18.26 | $18.41 | $18.18 | $200.9M | 11.00M |
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| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6678 | $18.17 |
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| Price($) | Vol. | No. |
|---|---|---|
| $18.19 | 70000 | 3 |
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