Supply constraints from Brazil have meant the iron ore market is tight and this is likely to continue into 2021. The broker notes shipments have increased significantly, averaging 170mtpa over FY15-20, and the introduction of Eliwana should mean shipments edge higher once again. To read the full story plus enjoy a free two-week trial to our service SIGN UP HERE, If you already had your free trial, why not join as a paying subscriber? Assuming a … Fortescue Metals Group Limited (FSUMF) Dividend Growth History: By month or year. ET by Robb M. Stewart. Please log in to your account or sign up in order to add this asset to your watchlist. more. Fundamental company data provided by Morningstar and Zacks Investment Research. Vanguard Australian Shares Index ETF Fortescue Metals Group pays an annual dividend of $2.81 per share, with a dividend yield of 10.31%. FORTESCUE METALS GROUP LTD. Security on which the Distribution will be paid. Dividend.com: The #1 Source For Dividend Investing. Want to see which stocks are moving? 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. All rights reserved. Email. View our full suite of financial calendars and market data tables, all for free. Learn more. Source: Optuma. Fortescue Metals Group Ltd (FMG) Overview. Returns remain elevated at Fortescue Metals ((FMG)), which did not disappoint investors with its latest update. Fortescue Metals Group pays an annual dividend of $2.81 per share, with a dividend yield of 8.74%. 02/19/2019 | 06:04pm EST *: *: * Notification of dividend / distribution. Do Not Sell My Information. View which stocks are hot on social media with MarketBeat's trending stocks report. Fortescue Metals Group Ltd is an Australia-based iron ore miner. FMG's most recent final dividend payment was made to shareholders of record on Friday, October 2. 29 October 2020: September Quarterly Production Report: 11 November 2020: Annual General Meeting: 28 January 2021: December Quarterly Production Report Estimating the dividend Fortescue will pay is difficult, but I expect a yield in the region of 6% this year. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. The broker maintains a Neutral rating with a $20.10 target. Stay in touch. Some simple research can reduce the risk of buying Fortescue Metals Group for its dividend - read on to learn more. Elizabeth Gaines has been acknowledged for guiding Fortescue Metals Group through a bumper 12 months, but there is still a lot to come for investors, according to … That is a huge yield. FMG. 10/9/2020. Looking for new stock ideas? Review FMG dividend yield and history, to decide if FMG is the best investment for you. Fortescue Metals profit jumps; flags dividend rise Aug. 21, 2017 at 2:12 a.m. The Fortescue share price jumped 2.8% to … Fortescue Metals is moving from strength to strength, improving productivity and maintaining a high dividend pay-out as the iron ore price succumbs to a tight market. Ord Minnett downgrades to Accumulate from Buy, following the strong run-up in the share price. Fortescue’s big dividend. The payment of $1.96 billion in dividends to a single individual certainly grabs attention.. Find out more at Intelligent Investor The full story is for FNArena subscribers only. ... Fortescue Metals Group Ltd - ADR Dividend policy Active Price as of: OCT 12, 04:10 PM EDT $24.51 -0.03 -0.12% FSUGY: OTC (Stock) Fortescue Metals Group Ltd - ADR Dividend policy Active Fortescue Metals : Dividend Distribution - FMG. Fortescue Metals Group Ltd., Australia’s third-largest iron ore producer, is vowing to continue to reward shareholders with dividends even while it seeks to trim debt and rivals slash payouts. More gains are anticipated from the installation of a wet high intensity magnetic separator at Christmas Creek. 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. Morgans observes the iron ore business is moving from strength to strength and Fortescue has become a formidable producer. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Receive a free world-class investing education from MarketBeat. With iron ore at US$150/t, around 50% ahead of second half consensus forecasts, and an "unwavering" dividend policy, Credit Suisse is also confident of another strong return in February. Advertisement Skip to Content. Read detailed company information including dividend distribution, dividend amount and payment history. Port capacity of 210mt has now been approved and the company appears to be gaining market share in Japan and Korea. This brings full-year dividends to $1.76 per share, up 54% compared to FY19, translating to a 77% payout of NPAT. Find out more at Intelligent Investor Could Creso Pharma Significantly Benefit From US Marijuana Act Developments? Fortescue Metals Group has grown distributions at a rapid rate despite cutting the dividend at least once in the past. -Gaining market share in Japan and Korea-Tight iron ore market likely to continue into 2021-Are renewable investments the right course? Management has highlighted its intention to pay dividends at the high end of the 50-80% of net profit range. Dividend.com: The #1 Source For Dividend Investing. Industry Avg. First ore has been produced and production is expected to ramp up to 30mtpa by FY24, offsetting the decline at Firetail. The next decision on the hub is to come in the mid 2020s with integration of Cloudbreak being considered. Subscribe below to receive ASX announcements and updates. 73.1% -0.8% . Nevertheless, as a pure iron ore miner, channelling excess capital into dividends and exploiting an exceptional iron ore price, the broker is concerned about the company's sudden commitment to renewables. Learn everything you need to know about successful options trading with this three-part video course. Fortescue Metals Group pays out 91.83% of its earnings out as a dividend. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. © 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. A booming iron ore price has resulted in a record dividend for Fortescue shareholders, and company founder Andrew Forrest is the biggest winner. Get daily stock ideas top-performing Wall Street analysts. FSUGY's most recent semi-annual dividend payment was made to shareholders of record on Friday, October 9. Data from 2008, charts, stats and industry comps the dividends that meet your using. Marketbeat empowers individual investors to make better trading decisions by providing real-time financial data objective! Major’S dividend looks to be a major beat at $ 1.0 per share compared to the $ 0.72 expected see! Into 2021-Are renewable investments the right course please log in to your account or up. Of 210mt has now been approved and the company appears to be a surprise to discover many... This asset to your watchlist result and Macquarie forecasts a free cash flow yields are 16-18.! 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