Fortescue Ltd (ASX: FMG) Share Price and News

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Fortescue Ltd Chart and Price Data

Fundamentals Data provided by Morningstar.

Data provided by Morningstar.
Market Cap $79.28 billion
P/E Ratio 8.95
Dividend Yield 8.08%
Shares Outstanding 3.08 billion
Earnings per share 1.872
Dividend per share 2.16
Year To Date Return -7.55%
Earnings Yield 11.17%
Franking 100%
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as at 24 Feb 3:44pm

  • Fortescue Ltd (ASX: FMG)
    Latest News

    Scared looking people on a rollercoaster ride representing the volatile Mineral Resources share price in 2022
    Resources Shares

    How is the Fortescue share price down 3% today?

    Shareholders should be cheering today's Fortescue losses.

    Read more »

    Miner holding cash which represents dividends.
    Dividend Investing

    Hoping to bag the Fortescue dividend? You better be quick!

    It’s almost payday for Fortescue shareholders.

    Read more »

    A woman sits in a cafe wearing a polka dotted shirt and holding a latte in one hand while reading something on a laptop that is sitting on the table in front of her
    Share Market News

    Why these 4 ASX 200 shares grabbed the Motley Fool's headlines this week

    From stellar earnings results to a multi-billion-dollar acquisition approval, these four ASX 200 shares made a big splash this week.

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    Two miners examine things they have taken out the ground.
    Resources Shares

    Better buy: Fortescue or BHP shares?

    Let’s dig into the potential of these two mining heavyweights.

    Read more »

    Scott Phillips on Nine's Late News
    Motley Fool Media

    Qantas descends, Treasurer's RBA dilemma and Twiggy's payday: Scott Phillips on Nine's Late News

    Scott recaps the bumpy comeback ride for Qantas, the Treasurer vs the RBA and a juicy billion dollar dividend payout.

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    A man closesly watch a clock, indicating a delay or timing issue on an ASX share price movement
    Dividend Investing

    25 ASX 200 shares with ex-dividend dates next week

    There are 25 ASX 200 shares scheduled to go 'ex-div' next week.

    Read more »

    Miner holding cash which represents dividends.
    Dividend Investing

    Everything you need to know about the supersized Fortescue dividend

    It’s boom time for Fortescue shareholders.

    Read more »

    Female miner smiling in front of a mining vehicle as the Pilbara Minerals share price rises
    Earnings Results

    Fortescue share price rises on huge 41% profit growth in FY24 half-year result

    There was huge growth of profit and the dividend in the HY24 report.

    Read more »

    Miner looking at a tablet.
    Resources Shares

    The Fortescue share price is down almost 10% in February, time to buy?

    Is this an opportunistic time to buy the miner?

    Read more »

    A happy miner pointing.
    Resources Shares

    Will Fortescue stock be worth more than CBA by 2026?

    The resources giant has done a wonderful job of growing. Can it keep going?

    Read more »

    A girl holding a globe shouts into a green megaphone about climate change.
    Resources Shares

    ASX mining shares up amid Labor plan to spend multibillions on renewables revolution

    Prime Minister Anthony Albanese will deliver a speech in Newcastle tonight.

    Read more »

    Close up of woman using calculator and laptop for calculating dividends.
    Dividend Investing

    Which ASX 200 large-cap shares offer the best dividend yields in 2024?

    The 12 top ASX dividend payers are trading on trailing dividend yields of between 4.157% and 11.1%.

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    Frequently Asked Questions

    Fortescue Metals traditionally pays twice-yearly, fully franked dividends, usually in early April and October each year. The miner has a policy of returning 50%-80% of its net profit after tax to shareholders as dividends.

    Yes. Fortescue offers shareholders residing in Australia and New Zealand the option of either full or partial participation in its dividend reinvestment plan.

    Fortescue listed on the ASX on 19 March 1987.

    Dividend Payment History Data provided by Morningstar.

    Data provided by Morningstar.
    Ex-Date Amount Franking Type Payable
    28 Feb 2024 $1.0800 100.00% Interim 27 Mar 2024
    04 Sep 2023 $1.0000 100.00% Final 28 Sep 2023
    27 Feb 2023 $0.7500 100.00% Interim 29 Mar 2023
    05 Sep 2022 $1.2100 100.00% Final 29 Sep 2022
    28 Feb 2022 $0.8600 100.00% Interim 30 Mar 2022
    06 Sep 2021 $2.1100 100.00% Final 30 Sep 2021
    01 Mar 2021 $1.4700 100.00% Interim 24 Mar 2021
    31 Aug 2020 $1.0000 100.00% Final 02 Oct 2020
    02 Mar 2020 $0.7600 100.00% Interim 06 Apr 2020
    02 Sep 2019 $0.2400 100.00% Final 02 Oct 2019
    22 May 2019 $0.6000 100.00% Special Cash 14 Jun 2019
    28 Feb 2019 $0.1100 100.00% Special Cash 22 Mar 2019
    28 Feb 2019 $0.1900 100.00% Interim 22 Mar 2019
    31 Aug 2018 $0.1200 100.00% Final 02 Oct 2018
    01 Mar 2018 $0.1100 100.00% Interim 05 Apr 2018
    01 Sep 2017 $0.0000 100.00% Final 03 Oct 2017
    02 Mar 2017 $0.2000 100.00% Interim 06 Apr 2017
    02 Sep 2016 $0.1200 100.00% Final 04 Oct 2016
    02 Mar 2016 $0.0300 100.00% Interim 07 Apr 2016
    01 Sep 2014 $0.1000 100.00% Final 03 Oct 2014
    27 Feb 2014 $0.1000 100.00% Interim 02 Apr 2014
    02 Sep 2013 $0.1000 100.00% Final 04 Oct 2013
    07 Mar 2012 $0.0400 100.00% Interim 02 Apr 2012
    05 Sep 2011 $0.0400 100.00% Final 30 Sep 2011
    08 Mar 2011 $0.0210 0.00% Interim 31 Mar 2011

    FMG ASX Announcements

    An announcement is considered as "Price Sensitive" if it is thought that it may have an impact on the price of the security.

    DateAnnouncementPrice Sensitive?TimeNo. of PagesFile Size
    YesNo

    About Fortescue Ltd

    Fortescue Metals Group Limited (ASX: FMG) is an iron ore production and exploration company in the Pilbara region of Western Australia. It is the fourth largest iron ore producer in the world after BHP, Rio Tinto, and Brazilian mining giant, Vale.

    As one of the world's largest iron ore producers, Fortescue owns and operates integrated operations spanning the Chichester, Solomon, and Western mining 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.

    The miner has also set up a green energy offshoot, Fortescue Future Industries (FFI), which aims to produce commercial quantities of green hydrogen. Fortescue was first publicly listed in 1987 and is now ranked as one of the largest companies on the ASX.

    FMG Share Price History Data provided by Morningstar.

    Data provided by Morningstar.
    Date Close Change % Change Volume Open High Low
    12 Apr 2024 $25.75 $-0.03 -0.12% 2,945,257 $25.60 $25.75 $25.20
    11 Apr 2024 $25.78 $0.04 0.16% 5,074,725 $25.39 $25.96 $25.39
    10 Apr 2024 $25.74 $0.48 1.90% 5,013,166 $25.46 $25.79 $25.40
    09 Apr 2024 $25.26 $0.40 1.61% 5,948,065 $25.80 $25.85 $25.22
    08 Apr 2024 $24.86 $0.08 0.32% 5,357,401 $24.73 $25.14 $24.42
    05 Apr 2024 $24.78 $-0.17 -0.68% 4,864,066 $24.62 $24.95 $24.58
    04 Apr 2024 $24.95 $-0.24 -0.95% 5,385,940 $25.06 $25.09 $24.71
    03 Apr 2024 $25.19 $-0.23 -0.90% 4,555,221 $25.32 $25.55 $25.09
    02 Apr 2024 $25.42 $-0.28 -1.09% 5,169,375 $26.00 $26.14 $25.32
    28 Mar 2024 $25.70 $0.51 2.02% 5,570,117 $25.58 $25.78 $25.39
    27 Mar 2024 $25.19 $-0.01 -0.04% 4,870,299 $24.90 $25.36 $24.84
    26 Mar 2024 $25.20 $-0.30 -1.18% 4,815,858 $25.45 $25.84 $25.01
    25 Mar 2024 $25.50 $0.86 3.49% 6,257,920 $24.97 $25.96 $24.80
    22 Mar 2024 $24.64 $-0.53 -2.11% 6,087,042 $25.21 $25.35 $24.63
    21 Mar 2024 $25.17 $0.42 1.70% 5,860,565 $25.05 $25.26 $24.68
    20 Mar 2024 $24.75 $0.21 0.86% 6,499,963 $24.61 $25.09 $24.56
    19 Mar 2024 $24.54 $0.85 3.59% 7,405,330 $24.03 $24.58 $23.78
    18 Mar 2024 $23.69 $-0.27 -1.13% 6,299,064 $23.91 $23.92 $23.43
    15 Mar 2024 $23.96 $-0.57 -2.32% 17,621,544 $23.95 $24.04 $23.65

    Director Transactions Data provided by Morningstar.

    Data provided by Morningstar.
    Date Director Type Amount Value Notes
    27 Mar 2024 Penelope (Penny) Bingham-Hall Issued 2,496 $64,641
    Dividend Reinvestment Plan (DRP).
    28 Feb 2024 Larry Marshall Buy 1,900 $50,519
    On-market trade.
    27 Nov 2023 Sebastian Coe Buy 5,000 $123,700
    On-market trade.
    04 Sep 2023 Elizabeth Gaines Expiry 5,243 $105,908
    As advised by the company. 51,464 Rights, Lapsed
    04 Sep 2023 Elizabeth Gaines Sell 147,920 $2,953,980
    On-market trade.
    04 Sep 2023 Elizabeth Gaines Buy 147,920 $2,987,984
    Conversion of securities.
    04 Sep 2023 Elizabeth Gaines Exercise 147,920 $2,987,984
    Conversion of securities. 56,707 Rights, As per announcement on 11-09-2023

    Directors & Management Data provided by Morningstar.

    Data provided by Morningstar.
    Name Title Start Date Profile
    Mr John (Andrew) Henry Forrest Non-Executive ChairmanNon-Executive Director Jul 2003
    Mr Forrest is a global business leader and philanthropist. Through Fortescue, Tattarang and Minderoo Foundation, Dr Forrest is dedicated to leading the world to address the climate crisis and step beyond fossil fuels through green metals and green energy. In 2013, Dr Forrest was appointed by the Australian Government Department of the Prime Minister and Cabinet to lead the country's response to tackling indigenous disparity, leading to the Forrest Review's publication in 2014. Dr Forrest is also Co-Chair of the Australia-China Senior Business Leaders Forum and a Board Member for the Boao Forum. He is also a member of Finance Committee.
    Ms Penelope (Penny) Bingham-Hall Non-Executive Director Nov 2016
    Ms. Bingham-Hall has over 30 years of experience in senior executive and non-executive roles in ASX listed companies. She is a Non-Executive Director of Dexus Property Group, Supply Nation, and the Crescent Foundation. Ms. Bingham-Hall is also Chair of Vocus Group, Taronga Conservation Society Australia, and the Advisory Committee of the Climate Governance Initiative Australia. Ms. Bingham-Hall has worked in the construction, infrastructure, mining and property industries across Australia and the Asian region. She has a particular interest in environmental sustainability, workplace safety and indigenous employment. She is member of Risk Management and Sustainability Committee as well as finance committee.
    Lord Sebastian Coe Non-Executive Director Feb 2018
    Mr Coe is the Non-Executive Chairman of CSM Sport and Entertainment, within the Chime Communications group as well as Non-Executive Director of Vitality Health Ltd and Allwyn Entertainment AG. He was elected President of the International Association of Athletics Federations in 2015 (now World Athletics) where he is driving governance reforms through the organization and its 214 Member Federations around the world. He is currently serving his second term as President. He was elected as a member of the International Olympic Committee in 2020 and became a director of the British Olympic Association at that time, having previously served as Chairman of the British Olympic Association from 2012 to 2016.
    Mr Mark Bradley Barnaba Non-Executive DirectorLead Independent DirectorNon-Executive Deputy Chairman Feb 2010
    Mr Barnaba is an Independent Director with international experience in finance, commerce, and natural resources. He has experience at board level in both the for-profit and non-profit sectors. He is currently a member of the Board (and Chairman of the Audit Committee) of the Reserve Bank of Australia and the Deputy Chairman and Lead Independent Director at Fortescue. In 2015, Mr Barnaba was named a Member of the General Division of the Order of Australia for service to the investment banking and financial sector, to business education and to sporting and cultural organizations. Mr Barnaba also chairs the Hospital Benefit Fund (HBF) Investment Committee. He is Chair of Risk, Sustainability and Finance Committee.
    Dr Larry Marshall Non-Executive Director Aug 2023
    Dr Marshall was Chief Executive of the CSIRO from 2015 to June 2023, Prior to joining the CSIRO, Dr Marshall co-founded and led a number of biotech and venture capital companies and has served on the boards of numerous high-tech companies operating in the US, Australia and China. Dr Marshall is currently the Chair of the American Chamber of Commerce (AmCham); a board member of the Governing Council of the Australian National University; an adviser for the Australian Governments Circular Economy Ministerial Advisory Group; and a Committee member of the COVID-19 Vaccines and Treatments for Australia Science and Industry Technical Advisory Group, which provides advice to the Australian Government on the purchasing and manufacturing of COVID-19 vaccines and treatments.
    Ms Elizabeth Anne Gaines Executive Director Feb 2013
    Ms Gaines has international experience in all aspects of financial and commercial management. Ms Gaines has experience in the resources sector and exposure to the impact of the growth in Asian economies, particularly China, on the Australian business environment and economy as well as understanding of all aspects of financial and commercial management at a senior executive level in both listed and private companies. Ms Gaines has exposure to the drive to transition to green energy and has been a key driver of the goal to decarbonise Fortescue's mining operations by 2030. She is member of Finance Committee.
    Dr Jean Baderschneider Non-Executive Director Jan 2015
    Dr Baderschneider brings 35 years of international experience in procurement, strategic sourcing and supply chain management along with an understanding of high-risk operations and locations and partnerships. Dr Baderschneider retired from ExxonMobil in 2013 where she was Vice-President of Global Procurement. During her 30-year career, she was responsible for operations all over the world, including Africa, South America, the Middle East, and Asia. A past member of the Board of Directors of the Institute for Supply Management and the Executive Board of the National Minority Supplier Development Council, Dr Baderschneider also served on the boards of The Center of Advanced Purchasing Studies and the Procurement Council of both The Conference Board and the Corporate Executive Board. She is member of Risk Management and Sustainability Committee.
    Ms Yifei Li Non-Executive Director Aug 2022
    Ms Yifei Li is the President of the QiBin Foundation and currently serves on the board of BlackRock China and is a Global Trustee of the Rockefeller Foundation. Ms Li was an Independent Board member of GAVI (The Global Alliance for Vaccines and Immunisation) from 2012 to 2018 and was formerly the Country Chair for Man Group in China, one of the hedge fund managers. Before joining Man Group, Ms Li had over 18 years of senior management experience, having led the expansion of several multinational companies in China, including Viacom, MTV networks and VivaKi of Publicis Group.
    Ms Usha Rao-Monari Non-Executive Director Jan 2024
    Ms Rao-Monari currently holds a portfolio of non-executive and advisory roles including; Singapores International Advisory Panel on Carbon Markets, Force for Good Advisory Board, Voluntary Carbon Markets Integrity Initiative Steering Committee, NewAg Partners Advisory Board, Commissioner on the Global Commission on the Economics of Water,and Saudi Arabias International Steering Council for Environment for NEOM. Ms Rao-Monari is also the former Under Secretary General and Associate Administrator for United Nations Development Programme and has held a variety of executive and non-executive positions including with Blackstone Infrastructure Group, Global Water Development Partners, UPL and International Finance Corporation.
    Mr Cameron Wilson Company Secretary Feb 2018
    -
    Mr Philip (Phil) James McKeiver Chief General CounselCompany Secretary Nov 2023
    -
    Mr Dino Otranto Chief Executive Officer Aug 2023
    -
    Mark Hutchinson CEO Fortescue Energy
    -
    Fiona Hick CEO Fortescue Metals
    -
    Dino Otranto Chief Executive Officer
    -
    Philip (Phil) James McKeiver Chief General CounselCompany Secretary
    -
    Cameron Wilson Company Secretary
    -
    Dino Otranto COO Fortescue Metals
    -

    Top Shareholders Data provided by Morningstar.

    Data provided by Morningstar.
    Name Shares Capital
    HSBC Custody Nominees (Australia) Limited 1,482,035,717 48.13%
    J P Morgan Nominees Australia Pty Limited 406,988,264 13.22%
    Valin Investments (Singapore) Pte Ltd 228,007,497 7.41%
    Tattarang Pty Ltd 117,580,521 3.82%
    Citicorp Nominees Pty Limited 105,987,655 3.44%
    Emichrome Pty Ltd 93,045,000 3.02%
    BNP Paribas Noms Pty Ltd 40,912,996 1.33%
    Valin Resources Investments (Singapore) Pte Ltd 37,876,216 1.23%
    National Nominees Limited 26,253,495 0.85%
    Pacific Custodians Pty Limited 16,843,421 0.55%
    Citicorp Nominees Pty Limited i 15,711,741 0.51%
    Pacific Custodians Pty Limited i 15,710,557 0.51%
    BNP Paribas Nominees Pty Ltd ACF Clearstream 14,157,242 0.46%
    HSBC Custody Nominees (Australia) Limited i 11,554,788 0.38%
    Invia Custodian Pty Limited 8,244,951 0.27%
    Citicorp Nominees Pty Limited ii 5,653,649 0.18%
    BNP Paribas Nominees Pty Ltd 4,659,448 0.15%
    Merrill Lynch (Australia) Nominees Pty Limited 4,119,589 0.13%
    HSBC Custody Nominees (Australia) Limited ii 4,062,741 0.13%
    Mr John William Cunningham 4,000,000 0.13%

    Profile

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