"Mount Gibson Iron (ASX: MGX)takes out top spot for the highest fully franked dividend yield of a massive 26.3%'
Thank you for the link to the article.
A few days ago I did hear from a source (which I cannot disclose) that MGX intends to announce a dividend in August.
By no means do I want to stir up something that may prove to be fictitious and I definitely do not recommend that anyone use this to make an investment decision.
My personnel opinion leans towards that we won't see a dividend announced in August due to insufficient franking credits.
That being said, judging by previous AGMs, PK takes questions only from Macquarie and not from the retail investors . . . perhaps Macquarie is more up to speed than the retail investors.
Also in the most recent report PK talked about paying dividends as soon as franking credits become available.
Disclosure: I do have a BUY order in currently to accumulate a few more but this has zero to do with any dividend speculation.
MGX Price at posting:
45.5¢ Sentiment: Buy Disclosure: Held
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