FMG Dividend, FMG Dividend Dates, FMG Dividend yield

FMG is the highest yielding blue-chip stock, with a very attractive yield of 17.33%. But is this sustainable and why is their dividend so high? FMG Dividend Report.

FMG Dividend Snapshot

FMG Dividend, FMG Dividend Dates, FMG Dividend yield
DPS (Trailing 12-Month)$2.47
Gross DPS (Trailing 12-Month)$3.5286
Dividend yield12.13%
Gross yield17.33%
Payout Ratio79%
DRPYes
DRP DiscountNo

FMG Dividend Dates 2021

FMG Dividend, FMG Dividend Dates, FMG Dividend yield
SummaryInterim DividendFinal Dividend
Per-share147cTBA
Declaration date18 Feb 2021 (Thu)23 Aug 2021 (Mon)
Ex-div date01 Mar 2021 (Mon)30 Aug 2021 (Mon)
Pay date24 Mar 2021 (Wed)04 Oct 2021 (Mon)

FMG Dividend History Graph

FMG Dividend, FMG Dividend Dates, FMG Dividend yield

FMG typically announces a dividend with the release of its half-year results in February and full-year results in August as seen in their financial calendar. FMG Dividends are typically paid twice a year, in March (interim dividend) and October (final dividend).

FMG has paid biannual dividends every year since 2011. Including 2020 during the COVID-19 recessionary period. All dividends have been fully franked. They also offer a Dividend Reinvestment Plan (DRP).

FMG Yield Comparison

FMG’s current gross dividend yield is 17.33%. This is above the market average. At the time of writing FMG has the highest dividend yield within the ASX 300.

The current FMG yield of 17.33% far exceeds the Average Term Deposit rate of 0.4%

FMG Dividend, FMG Dividend Dates, FMG Dividend yield

Net FMG Dividend Yields Over Time

We can see FMG’s net dividend yield has fluctuated massively, averaging around 8%. From this, we can WBC’s current net yield of 12.13% is well below its historic average.

We can see the yield spike in 2019 due to a significant increase in their dividend payment. This yield tapered off slightly as the share price increased.

FMG Dividend, FMG Dividend Dates, FMG Dividend yield

FMG Dividend Payout Ratio

FMG Dividend, FMG Dividend Dates, FMG Dividend yield

A companies dividend payout ratio is the ratio of the total dividend sum paid out relative to the net income of the company. It is the percentage of earnings paid to shareholders in dividends.

Based on current averages FMG’s payout ratio is 88%, which we expect to decrease in the coming years to a ratio of 68%.

FMG Dividend, FMG Dividend Dates, FMG Dividend yield

In FY19 we saw FMG pay out a special dividend, that is an additional dividend outside of the interim and final dividend.The total FY19 dividends declared of A$1.14 per share represented a dividend payout ratio of 78 percent of full-year net profit after tax.

“For FY20, we have declared A$1.76 in dividends to shareholders, representing a payout ratio of 77 percent of net profit after tax consistent with our dividend policy to pay out 50 to 80 percent of net profit after tax.”

Why is FMG’s Dividend So High?

We have seen FMG’s dividend yield increase massively, this has mostly been the result of rising profits.

FMG Dividend, FMG Dividend Dates, FMG Dividend yield

Alongside this, we have also seen their payout ratio increase massively. As a result, their dividend yield for investors has increased rapidly.

FMG Dividend, FMG Dividend Dates, FMG Dividend yield

FMG Share Price

FMG Dividend Policy

FMG: ASX Dividend Policy is:

  • FMG has a policy of paying out between 50 percent and 80 percent of net profit in dividends. 

When will my FMG Dividends be Paid?

FMG Dividend, FMG Dividend Dates, FMG Dividend yield

The group typically announces a dividend with the release of its half-year results in February and full-year results in August.  Dividends are typically paid twice a year, in March (interim dividend) and October (final dividend).  Payment dates are listed on the financial calendar

FMG Dividend Reinvestment Plan (DRIP)

FMG Dividend, FMG Dividend Dates, FMG Dividend yield

A DRIP or dividend reinvestment plan allows investors to automatically reinvest their dividends for additional shares in the company. Using this method, the investor will still receive the franking credit and will still be taxed on the cash value of their dividend. 

The simplest way to elect to participate in a company’s DRIP is through the related share registry (i.e. Computershare or Link Market Services).

  • In Computershare it’s as simple as going ‘my profile’- ‘Reinvestment plans’ and selecting the company and electing to participate in full or partially. That is either the entire amount or a partial amount of your dividend is reinvested.
  • On Link you simply click view details of the company of interest and update it in the ‘payments and tax’ section.

For more information check out our ASX DRIP VS NON-DRIP Guide

FMG Dividend History

Distribution TypeDividendFrankingEx-dividend datePayment date
Result$1.47100%1 Mar 202124 Mar 2021
H F Result$1.00100%31 Aug 20202 Oct 2020
Result76¢100%2 Mar 20206 Apr 2020
H F Result24¢100%2 Sep 20192 Oct 2019
Result60¢100%22 May 201914 Jun 2019
Result30¢100%28 Feb 201922 Mar 2019
H F Result12¢100%31 Aug 20182 Oct 2018
Result11¢100%1 Mar 20185 Apr 2018
H F Result25¢100%1 Sep 20173 Oct 2017
Result20¢100%2 Mar 20176 Apr 2017
H F Result12¢100%2 Sep 20164 Oct 2016
Result100%2 Mar 20167 Apr 2016
H F Result100%3 Sep 20155 Oct 2015
Result100%2 Mar 20157 Apr 2015
H F Result10¢100%1 Sep 20143 Oct 2014
Interim10¢100%27 Feb 20142 Apr 2014
Final10¢100%2 Sep 20134 Oct 2013
Final100%31 Aug 20122 Oct 2012
Interim100%7 Mar 20122 Apr 2012
Final100%5 Sep 201130 Sep 2011
Interim0%8 Mar 201131 Mar 2011
FMG Dividend, FMG Dividend Dates, FMG Dividend yield
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