FMG 0.90% $20.14 fortescue ltd

Good Morning Smuglex, Hope you have been well, i just topped up...

  1. 4,932 Posts.
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    Good Morning Smuglex,

    Hope you have been well, i just topped up some more at $20.00 and am going to catch the upcoming dividend.

    As i understand it this will be FMG's record dividend, and the consensus seems to be is $2.25 and franking on top.
    Even if they were to cut the dividend by 50% that's 5.6% return for half year earnings. and a dividend of $1.13 with franking on top. Plus they will have cash in the businees making it stronger.

    i missed the drop buy in op at $19.30 but hey thats life.

    Have a good day mate.

    Rooks
 
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