RE:RE:RE:RE:What am I missing here?Dadsaid2 wrote: I stand corrected. I was using Stockhouse's info on their chart and clicking the div button. They only show the regular (interim) div which is the 25cents. More detailed research shows an additional "special" div each quarter requiring a redo on my math. ILL take your word for it on that 75cent number. My point is one of caution. Using the last quarter as an example, if you bought in the low 40's or even a bit lower (which seemed like a nice buy off the top price of $50+) before Sept 28 to collect the $2.10 div your net return today is still negative. So my strategy hasn't changed. Watch Iron ore demand and price and hopefully pick the correct entry point. Thx for pointing out that div info so investors get it right. GLTA.
PileOfShit wrote: "At current iron ore prices divs will most likely return to 25cents or $1/year = 2.85% on $35 share price." From Jan 2019 to Jun 2020, Fe averaged $91. From Mar 2019 to Sep 2020, LIF's quarterly dividends averaged 75¢, for an average annual dividend of $3. At $36 share price, the expected yield for next year is 8.3%. If the Dec 2021 dividend is $1.4, the next four dividends could total $3.65, for a yield of 10.1%.
So you use stockhouse and not the company documents to base your 'research'? And with this post and today's $1.72/share out goes your credibility. Trying to 'guess' where the iron market is going based on essentially nothing is malarkey. Feel free to entertain the board and tell us what your crystal ball tells you today for our stock price, iron ore prices and dividend. .