Just be wary of the current negative sentiment on Iron Ore
RIO went ex div on 12 Aug for a $7.60 div
Closed on 11 Aug (cum div) at $129.20
Closed on 12 Aug (ex div) at 120.26 and got down to $118.00 at one point today
Except that it's already down from $135 and I'm not sure it has finished correcting.That $7.60 dividend is worth just under $11 including the franking credits, so that drop is pretty standard.
because with fmg I am not in for a quick flip lately I am buying on negative sentiment, still pissed at myself for selling last year when the Twitter war was appareny the end of the world for fmg 19 or 20 I sold? then in a week or 2 was back at 25
The funds I have allocated are funds that are rotting in the bank at .25% interest so dividend in itself is worth changing the storage shed
with a $7.60 dividend, a drop of $11 on ex dividend date is the same the share price being flat any other day.Except that it's already down from $135 and I'm not sure it has finished correcting.
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I think the IO price will stabilise around the current levels. However the market seems more concerned that its heading south.
I'm only holding FMG as a trade, so currently undecided on whether to sell FMG before or after it goes exdiv. Probably another 2 weeks before a decision needs to be made.
This correction for FMG is not showing any signs of bottoming yet. If it gets close to $20, I might look to add some.
Correction.. Twiggy spent $193m + buying 10 million shares in late March. Bit of a brain fade there.Getting in to score the current dividend looks attractive. Estimate are around $2.50 fully franked. Current SP is $21.87.
But don't wait too long. Twiggy is always in the wings sniffing for good value( He bought 100,000 (NO 10 million ) shares at market in late March after analyst inspired selloff)
Is the divvy locked in or are they going to review it?FMG now below $20. Almost certainly triggered some stop losses on the way. Looks like VG value (IMO). I will not be surprised, on earlier history, if Twiggy wades into the market as well.
On the other hand - there could be some big continuing fallouts from Afghanistan and out of control COVID...
And there is an imminent big dividend coming.
Is the divvy locked in or are they going to review it?
ok you have hooked meI can't imagine they would "review" it. It will reflect the income generated in the first 6 months of 2021. That has already been booked.
One possibility is that they may change their policy and pay a slightly different % of the net profit as dividend. Currently I understand they pay out up to 80% of the profit and allocate a further 10% to their future industries portfolio. The balance is retained.
FMG flags huge dividend as high-grade strategy struggles
Fortescue will pay another huge dividend as it pumps large sums into its clean energy subsidiary and struggles to make a switch to high grade iron ore.www.afr.com
Agree. I think the dividend estimate is on the mark.am working on FMG being able to pay $1 twice a year in divs.
has room and the skills to grow
match that with WPL at roughly the same price or BHP at twice the price
and FNG is the obvious near term choice for me
( BTW i added more MGX this morning , so it is not just Twiggy worship )
the BIG question ... is there a major war on the horizon
Probably because of this delta outbreak?I can't imagine they would "review" it. It will reflect the income generated in the first 6 months of 2021. That has already been booked.
One possibility is that they may change their policy and pay a slightly different % of the net profit as dividend. Currently I understand they pay out up to 80% of the profit and allocate a further 10% to their future industries portfolio. The balance is retained.
FMG flags huge dividend as high-grade strategy struggles
Fortescue will pay another huge dividend as it pumps large sums into its clean energy subsidiary and struggles to make a switch to high grade iron ore.www.afr.com
Based on that, that would would be $2.86 per year including Franking credits, So that would be a 10% return if you paid $28 or a 14% return based on todays closing price.am working on FMG being able to pay $1 twice a year in divs.
The share market in general is higher now than it was before the delta out break, and we aren’t seeing a broad market crash, this is purely an Iron Ore price drop response.Probably because of this delta outbreak?
All bets were off with the first round of virus, there's no reason not to assume we might see the same thing with this new variant.
Everyone are bricking it for a reason.
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