Ferrexpo Dividends - FXPO

Ferrexpo Dividends - FXPO

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Ferrexpo Plc FXPO London Ordinary Share GB00B1XH2C03 ORD 10P
  Price Change Price Change % Stock Price Last Trade
-10.40 -3.05% 330.60 16:35:10
Open Price Low Price High Price Close Price Previous Close
349.00 326.60 349.00 330.60 341.00
more quote information »
Industry Sector

Ferrexpo FXPO Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

bushranger: Recut more 14 Jan '21 - 09:57 - 8086 of 8089 Ex divi today, hence the drop, a good day to grab some more, my divi paid today already, Thank you FXPO @Recut more - FXPO goes ex divi today but the dividend is NOT paid by the company until 28th January. So are you lying or do you have a majic broker?
bozzy_s: Yep, a very nice $236.90/t for fxpo When I first did my 2021 calcs the prevailing price was a head-spinning $190-odd. Now it needs to drop 20% to be back at that ridiculously high price! And while the share price has climbed nicely, and there will be traders who sell and move on, I think we're just at the beginning of the rally. At under £4 FXPO's trading on a ridiculous P/E of under 4, and paying one of the biggest dividend yields, if not the biggest, in London.
beerboy02: Yes, CFDs on shares do pay dividendsJust a like a stock, if you own a CFD you will receive a dividend if you own it the day before the ex-dividend date (more on that later). On the dividend payment date, an amount equivalent to the dividend for each share you have exposure to will be paid into your trading account.12 Aug 2019
kenmitch: Big FXPO dividends are a big plus. For those of us who bought, or added, near the lows the dividend yield last year approached 20%. More of the same this year suits fine and the more so now the share has added a lot more in more than doubling. Share buyback theory is convincing. But ask Whitbread investors what they thought about Whitbread paying the entire proceeds from their Costa sale back to them via share buybacks! The share subsequently halved and they didn’t get a penny and Whitbread threw away the entire proceeds of well over £2 billion! And since then they have tapped shareholders for more money via a rights issue. So instead of getting a reward investors have actually had to cough up new money so as not to get diluted. There are so many similar examples. Forget the theory and look at what actually happens when Companies buy back their shares. I’m very happy with Ferrexpo and with their generous dividends that even when taxed are far higher than most Companies.
bozzy_s: Another cracking day. FXPO was about 20% of my portfolio in March (AAZ 80%). Now it's something like 45:55. And I still think FXPO is ridiculously cheap by all measures. 2019 Dividend yield (6.7%) 2020 Dividend yield (6.7%) 2021 Dividend yield (hoping for ~30c = 7.5%) 2019 P/E ratio (5.8x) 2020 P/E ratio (guessing around 5x) 2021 P/E ratio (guessing around 4x) Potential events to spark re-rating of shares: Zhevago and Ukraine announce a settlement of their dispute. At the current share price Zhevago could pay off everything he owes. But I'm sure he'd prefer to haggle. Upgrade of 2021 earnings forecast. This is a no-brainer. A matter of when, not if. Repayment of outstanding debt. Announcement of increased dividends for 2021.
bozzy_s: ^ That's another reason I won't risk selling, even though I'm expecting a dip to 180-190 in the absence of news. A deal between Zhevago and Ukraine could happen any day, and could add £1 to the share price in quick time. Imagine the current iron ore prices hold firm. And that FXPO expands as planned. Zhevago makes an agreement with the Ukrainian authorities. FXPO maintains its dividend and initiates a buy-back with surplus cash. FXPO eventually gets valued on a P/E of 12, paying a 3% dividend while buying back stock. That'll equal a share price between £6 and £7. And while it's extremely bullish at £2 today, it's not out of the question. That's my medium-term target. The swings of 10p or 20p either way don't bother me.
bozzy_s: Fantastic timing with your buy James :) FXPO still insanely cheap, even after this week's rally. Can't believe there isn't more broker coverage, noticing the high price of FXPO's product since H2 began. I can't wait until the FY 2020 results are published (around March 2021). We could be looking at EPS for 6 months (H2 2020) of 30p+ And the RNS feed is stuffed full of dividend announcements. Since the last FY results we've had final dividend, interim dividend, interim dividend, special interim dividend... all since March... in a year when most are cutting or suspending payouts !!!!
bozzy_s: Hi James, FXPO has always been undervalued vs peers. The accounts and dividend yield would merit a 'fair' share price of £5 if the company were operating in Canada or Australia. Maybe as high as £10 if it were a highly-rated stock, i.e P/E of 20 divi yield 2%. The question for investors is, will the shares ever reach a 'normal' price while operating in Ukraine, with a potentially questionable majority owner? My bet is they'll eventually settle around £2.50 - £3, still cheap vs peers, paying a decent dividend. The dividend is what I hope will ultimately rerate the shares.
kenmitch: Ex dividend day is Thursday. Ex div day is almost always a Thursday. So anyone wanting to get the next FXPO dividend needs to buy tomorrow.
bozzy_s: Welcome Undervaluedassets. You've found a company that matches your moniker! With that latest special dividend announcement, FXPO will have paid the following in 2020: 17th January 6.6c 14th May 3.3c 2nd July 3.3c 3rd July 6.6c 26th August 6.6c 8th October 6.6c As you mention, this is a stand-out performance. There's nothing in the same league as FXPO for dividend yield. However there must be a reason the shares are priced at such a discount. Bellbottom is easily the most knowledgable contributer on this board. It's worth reading his links to get a feeling of what life's like in Ukraine. In my view, these are the main reasons the shares are below half price: 1) Konstatin Zhevago Founder and majority shareholder (50.3%) is in big trouble with Ukrainian authorities for alleged fraud at banks he controlled. In addition Ferrexpo itself has been dragged through the mud, with various suspicious activities involving a charitable arm, and the football club Vorskla Poltava. While Zhevago has stepped down from the board, his majority shareholding is probably the biggest reason for FXPO's low valuation. 2) Russia Again this is better covered by Bellbottom. The fear that Russia will try to take more Ukrainian territory. The question I'd ask, if this horrible situation were to happen, is would we lose FXPO as a result? Surely there's a fair chance it'd be business as usual. 3) Dividend witholding tax 35% of the dividend payments are kept as Swiss Witholding Tax. 15% can be reclaimed at a later date. Therefore shareholders will 'only' receive 21.45c of dividends in 2020, out of the 33c declared.
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210116 16:12:28