FMG 0.28% $20.02 fortescue ltd

Next dividend announcement will be August 28 which will see it...

  1. 3,924 Posts.
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    Next dividend announcement will be August 28 which will see it fly for a few days
    then the dreaded ex div date comes along and the stock will fall by about the amount or more
    of he dividend. Then shorters pull it down for a few more days and the media helps with that
    to get it down further then the rise as bargain hunters pour back in.

    Its a cycle I've seen over many years. Only 1 year it went higher as back ten IO was above $200US/T.

    IO is down but it was down lower this time last year.

    https://hotcopper.com.au/data/attachments/6384/6384617-c93579a739e1bfd31219ef768c16d140.jpg


 
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