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Second profitable year for Fenix

THINGS might not be as great at the smaller end of the iron ore space as they once were, but times are certainly good enough for Fenix Resources to announce a full franked dividend for FY22 of A5.25c - its second in a row.

Haydn Black
Fenix is sitting on a pile of money at Iron Ridge

Fenix is sitting on a pile of money at Iron Ridge

It is Fenix's second year of operation, second profit, and second dividend after it also announced a 5.25c payment in September 2021.   The company's dividend policy is to distribute 50-80% of post-tax...

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