Where are the best prospects for dividends?

Livewire Exclusive

Livewire Markets

Dr Don Hamson, Managing Director of Plato Investment Management, says the best prospects for dividends now sit with Australia’s big iron ore miners. From a highly uncertain outlook just one year ago Hamson now says companies like RIO, BHP and Fortescue present dividend investors with a compelling outlook. Significant cost cutting programs have coincided with a swift rally in the price of iron ore, resulting in reduced debt levels and swelling cash balances. “What are they going to do? I think they’re going to give it back to shareholders. We think that’s the best use of money, rather than going out and building another mine.” In this short video Hamson highlights a new dynamic emerging in China that he believes could continue to support Australia’s iron ore producers.


3 stocks mentioned

1 contributor mentioned

Livewire Exclusive
Livewire Markets

Livewire Exclusive brings you exclusive content from a wide range of leading fund managers and investment professionals.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment