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
$21.90 |
Change
0.040(0.18%) |
Mkt cap ! $67.42B | |||
| Open | High | Low | Value | Volume |
| $21.92 | $22.11 | $21.82 | $224.3M | 10.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3932 | $21.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.90 | 400 | 1 |
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| FMG (ASX) Chart |