Good morning @WesTig
This sustained downturn in the share price is significantly correlated with the falling iron ore price. The current quarter will also be impacted by one off costs associated with the 700 recent job losses. So whilst a “high” yield may be seen against the current share price on the dividend declaration date of 26/8, in real $ terms it could be viewed as a drop.
However, meeting dividend $ expectations, with the consequent high current yield, would be an excellent way for FMG to reassure the market.
Fingers crossed.
Toes too.
Dex
POWER!!!! Fortescue Future Industries, page-4330
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$17.34 |
Change
0.520(3.09%) |
Mkt cap ! $53.38B | |||
| Open | High | Low | Value | Volume |
| $17.31 | $17.51 | $17.00 | $309.6M | 17.18M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $17.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.35 | 28897 | 5 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |