he is not taking anyones dividend, FMG has committed to a policy of paying 50%-80% of profit as dividend, Woolworths for example pays 70%, CBA pays 80%.
Almost no company pays out 100% as dividends, they all retain a portion of Earnings to grow the company.
FMG has just let us know in advance that 10% of profits will be invested into FFI, and the rest of the retained earnings invested into their other mining assets.
You were never going to receive the 10% allocated to FFI as a dividend, it was always going to be retained and invested in something.
Iron ore price, page-43701
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$18.52 |
Change
0.120(0.65%) |
Mkt cap ! $57.02B | |||
| Open | High | Low | Value | Volume |
| $18.55 | $18.67 | $18.46 | $45.73M | 2.456M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 439 | $18.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.54 | 517 | 2 |
View Market Depth
| Last trade - 16.10pm 27/12/2024 (20 minute delay) ? |
| FMG (ASX) Chart |
