Fortescue Metals Group Limited (ASX: FMG) Share Price and News
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Fortescue Metals Group Ltd (FMG) is an iron ore production and exploration company with assets located in the Pilbara region of Western Australia. It is the fourth largest iron ore producer in the world after BHP Billiton, Rio Tinto, and Vale.
As one of the world’s largest iron ore producers, Fortescue owns and operates integrated operations spanning two iron ore mine hubs, the five-berth Herb Elliott Port and Judith Street Harbour towage facility in Port Hedland and the fastest heavy haul railway in the world.
Fortescue was first publicly listed in 1987, and is now ranked as one of the largest companies on the ASX.
Fortescue Metals Group Limited (ASX: FMG) Latest News
Brendon Lau | September 10, 2020 3:24pm
The S&P/ASX 200 surrendered its morning gains as did most of the major miners. But the Rio Tinto Limited (ASX: RIO) share price is... More »
Daryl Mather | September 10, 2020 8:35am
Yesterday Fortescue shares dropped in value by 2.7%, making them a fantastic opportunity. Here are three reasons why they will make you richer More »
Brendon Lau | September 9, 2020 2:35pm
It’s hard to cut through the noise when markets are this volatile. But this could be the time to buy ASX iron ore miners.... More »
James Mickleboro | September 7, 2020 12:17pm
Biotron Limited (ASX:BIT) and Fortescue Metals Group Limited (ASX:FMG) shares are two of four storming notably higher on Monday... More »
James Mickleboro | September 6, 2020 11:28am
Forget term deposits offered by Westpac Banking Corp (ASX:WBC) and buy these ASX dividend shares instead next week... More »
Will Fortescue Metals Group pay a dividend in 2020?
Fortescue typically pays twice-yearly, fully franked dividends in early April and October each year. Most recently, the company paid an interim dividend of 76 cents per share on 4 April 2020 and a final dividend of 24 cents per share on 2 October 2019. Fortescue has a policy of returning 50%-80% of its net profit after tax to shareholders in the form of dividends.
Does Fortescue Metals Group offer a DRP?
Yes. Fortescue offers shareholders residing in Australia and New Zealand the option of either full or partial participation in its dividend reinvestment plan.