Looking at those prices, hard to believe that FMG was able to pay a dividend of:
- $0.36 in 2018 FY (IO at $49with $4bn in debt at 30 June 2018?)
- $1.02 in 2019 FY
So if i read this right, even if IO averages at say $70, FMG holders can expect atleast $1.00 div or 7% fully franked.
You will repay your investment in 13 years (not accounting for tax - assuming franking credits cover your tax).
Iron ore price, page-39611
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Last
$18.31 |
Change
0.340(1.89%) |
Mkt cap ! $56.37B | |||
| Open | High | Low | Value | Volume |
| $18.09 | $18.32 | $18.06 | $115.9M | 6.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 273 | $18.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.32 | 9260 | 4 |
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| Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |