Business
Fortescue raises hopes of dividend bonanza with profit update – The Australian Financial Review
Chairman Andrew Forrest let the cat out of the bag on the miner’s profits, forcing the company into an update that has raised hopes of a whopper full-year dividend…
It (the profit update) is confirmation of what we would have found out in February, he said.
Whats interesting is if the iron ore price stays high and you continue to annualise these numbers, it is pretty big dividend coming for the full year.
The current expectation is $US1.80 or $2.40. The high water mark, if you took the December month and annualised it, and that is a brave call, would see them pay about a $3.50 dividend.
Mr OConnor said that at some point Dr Forrests vision for the company to…
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