My CSR shares were taken over so bought them at $4.20 or so another good dividend stock and then they get taken over by a French company for $9 a share. So I get that I think on July 7 minus the 12c dividend on July 1.
Been buying up more FMG of late. 4000 shares last week. Went down value of $3200 but again that doesn't bother me. I bought back in at under $22 which I see as a bargain.
I cleared all my stocks January of 2020 when I heard about a virus then the crash happened in March of 2020. FMG went as low as $8.20 and I bought back in at over $9.
The dividends since then have been $11 or so. One year it was I think $3.56 return due to one of the divvies being $2.08 I think it was.
The way I look at it the next few divs will pay for what I bought my recent shares for.
Its about the only stock where divs are anything from 50% to 80% of profits. Go add franking credits and never pay any tax again.
I am tempted to sell my PLS now that I can't see them doing a divvy any time soon with their expansion plans and buying more FMG.
FMG Price at posting:
$21.58 Sentiment: Buy Disclosure: Held
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