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
Good morning @WesTigThis sustained downturn in the share price...
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Last
$20.10 |
Change
0.700(3.61%) |
Mkt cap ! $61.88B | |||
| Open | High | Low | Value | Volume |
| $20.26 | $20.49 | $19.94 | $337.2M | 16.71M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38056 | $20.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.15 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |