More gains are anticipated from the installation of a wet high intensity magnetic separator at Christmas Creek. Fortescue Metals Group Ltd. declared a record half-yearly dividend of 12 Australian cents after it reined in costs and benefited from higher iron-ore prices. Source: Optuma. FSUGY Most Recent Dividend. View today’s FMG share price, options, bonds, hybrids and warrants. Receive a free world-class investing education from MarketBeat. View which stocks are hot on social media with MarketBeat's trending stocks report. Yet Morgans considers the attractive short-term fundamentals and dividend outlook is contrary to the longer-term iron ore cycle, amid concerns over the emerging strategy. FORTESCUE METALS GROUP LTD. Security on which the Distribution will be paid. Returns remain elevated at Fortescue Metals ((FMG)), which did not disappoint investors with its latest update. Upgrade momentum is strong and, at spot prices, FY21 and FY22 free cash flow yields are 16-18%. Fortescue Metals Group pays an annual dividend of $2.81 per share, with a dividend yield of 10.31%. Cash flow should be strong as a result and Macquarie forecasts a free cash flow and a dividend yield of 12% on average. Gogo (NASDAQ:GOGO) Stock: Is the Inflight Internet Company a Buy? In depth view into Fortescue Metals Group Dividend including historical data from 2012, charts, stats and industry comps. Industry Avg. Corporate Governance. Get short term trading ideas from the MarketBeat Idea Engine. It has grown from obscurity at the start of 2008 to become the world's fourth- largest producer. Review FMG dividend yield and history, to decide if FMG is the best investment for you. Vanguard Australian Shares Index ETF The next Fortescue Metals Group Ltd dividend is expected to go ex in 3 … Supply constraints from Brazil have meant the iron ore market is tight and this is likely to continue into 2021. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Fortescue Metals : Dividend Distribution - FMG. © American Consumer News, LLC dba MarketBeat® 2010-2020. Learn more. ... Fortescue Metals Group Ltd Dividend policy Suspended Price as of: DEC 07, 10:49 AM EDT $15.9 +0.38 +2.45% FSUMF: OTC (Stock) Fortescue Metals Group Ltd Dividend policy Suspended On a fundamental basis the company looks strong, holding a P/E ratio of 8.11, EPS at $2.23 and paying a hefty dividend. Annual General Meeting. All subscribers should read our terms and conditions, click here, Adore Beauty Attracts Customer Engagement, Thirteen Value Stocks That Could Surge On Rotation, Australian Broker Call *Extra* Edition – Nov 11, 2020. A booming iron ore price has resulted in a record dividend for Fortescue shareholders, and company founder Andrew Forrest is the biggest winner. FMG - ORDINARY FULLY PAID. Learn more. At the current Fortescue Metals Group share price that means it has a trailing dividend yield of 14.3% including the franking credits. You can find more details by going to one of the sections under this page such as ex-date, dividend and payment date. Morgans observes the iron ore business is moving from strength to strength and Fortescue has become a formidable producer. Material improvements have occurred in ore processing facilities and truck availability. ET by Robb M. Stewart. All rights reserved. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Fortescue’s big dividend. Assuming a … Goldman Sachs, not one of the seven stockbrokers monitored daily on the FNArena database, believes Fortescue is fully valued but anticipates strong capital returns will continue to support the share price over the short term. Do Not Sell My Information. The payment of $1.96 billion in dividends to a single individual certainly grabs attention.. Please log in to your account or sign up in order to add this asset to your watchlist. Fortescue Metals Group. The broker calculates Fortescue has paid out US$9.4bn in dividends over the last decade and will pay a further US$27.3bn over the next decade. Fortescue Metals Group pays out 91.83% of its earnings out as a dividend. Iron ore miner Fortescue Metals Group Limited is rewarding shareholders with a big increase in dividends as it broke a number of records.. First Name. Fortescue Metals profit jumps; flags dividend rise Aug. 21, 2017 at 2:12 a.m. Subscribe below to receive ASX announcements and updates. Share Registry and Dividend Reinvestment Plan. Investor FAQ. Top 20 Shareholders. Email. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. Learn about financial terms, types of investments, trading strategies and more. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Announcement Summary. This brings full-year dividends to $1.76 per share, up 54% compared to FY19, translating to a 77% payout of NPAT. Subscribe. View our full suite of financial calendars and market data tables, all for free. Fortescue Metals Group pays an annual dividend of $2.81 per share, with a dividend yield of 8.74%. First ore has been produced and production is expected to ramp up to 30mtpa by FY24, offsetting the decline at Firetail. Fortescue Metals Group Limited (FMG.AX) pays an annual dividend of A$1.76 per share, with a dividend yield of ∞. ... Fortescue Metals Group Ltd FMG Morningstar Rating View announcements, advanced pricing charts, trading status, fundamentals, dividend information, peer … This meteoric rise in price will see chairman Andrew Forrest pick up $2 billion in dividend payments this year. Fortescue Metals Group's dividend payments have fluctuated, so it hasn't grown 17% every year, but the CAGR is a useful rule of thumb for approximating the historical growth. more. The broker was impressed with the compnay's review of the operating performance and the maintenance of FY21 guidance for 175-180mt of ore being shipped at costs of US$13-13.50/t. Announcements, dividends & news of 10.31 % ( FSUMF ) dividend growth:. Investments the right course ( and 2019 ): Declare date, ex-div, record, pay,,... 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