At $80, FMG is expected to have a dividend of about US$0.34 which is currently AU55c or 3.3% plus franking.
But that's nothing to be scared of, its normal for resource stocks to pay a yield around this and it's the very reason FMG has traded as such a high yield and low PE because the market knows its abnormal. Look at RIO's long term dividend history, its more normal to be in the 2-6% range than above:
At $80, FMG is expected to have a dividend of about US$0.34...
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Last
$20.47 |
Change
0.450(2.25%) |
Mkt cap ! $63.02B | |||
| Open | High | Low | Value | Volume |
| $19.90 | $20.64 | $19.90 | $227.3M | 11.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2983 | $20.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.50 | 2160 | 2 |
View Market Depth
| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |