Fortescue Metals Group. The broker notes shipments have increased significantly, averaging 170mtpa over FY15-20, and the introduction of Eliwana should mean shipments edge higher once again. 4, 2017 at 3:36 a.m. 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? Material improvements have occurred in ore processing facilities and truck availability. Supreme Metals story: How Does Fortescue Metals Group Limited Fare As A Dividend Stock Simply Wall St and other headlines for Supreme Metals Corp Get short term trading ideas from the MarketBeat Idea Engine. 2020 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. First ore has been produced and production is expected to ramp up to 30mtpa by FY24, offsetting the decline at Firetail. Get information about Fortescue Metals ADR dividends and ex-dividend dates. You can find more details by going to one of the sections under this page such as ex-date, dividend and payment date. 29 October 2020: September Quarterly Production Report: 11 November 2020: Annual General Meeting: 28 January 2021: December Quarterly Production Report Top 20 Shareholders. Morgans observes the iron ore business is moving from strength to strength and Fortescue has become a formidable producer. 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 Fortescue Metals Group Limited (FMG.AX) pays an annual dividend of A$1.76 per share, with a dividend yield of . Stay in touch. It was this strong profit growth that helped fund an increase in Fortescues dividend of 54% to AU$1.76 per share. That is a huge yield. In this case, Fortescue Metals Group likely looks attractive to investors, given its 9.1% dividend yield and a payment history of over ten years. No portion of this website may be reproduced, copied or in any way re-used without written permission from FNArena. Since that low, Fortescue Metals propelled itself up over 117%. More gains are anticipated from the installation of a wet high intensity magnetic separator at Christmas Creek. FMG's most recent final dividend payment was made to shareholders of record on Friday, October 2. Chart. American Consumer News, LLC dba MarketBeat 2010-2020. Fortescue Metals Group Ltd (FMG) Overview. Industry Avg. Learn more. 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. Vanguard Australian Shares Index ETF Want to see which stocks are moving? Gogo (NASDAQ:GOGO) Stock: Is the Inflight Internet Company a Buy? Morgans observes the iron ore business is moving from strength to strength and Fortescue has become a formidable producer. Supply constraints from Brazil have meant the iron ore market is tight and this is likely to continue into 2021. Fortescue Metals Group pays out 91.83% of its earnings out as a dividend. Subscribe below to receive ASX announcements and updates. It has grown from obscurity at the start of 2008 to become the world's fourth- largest producer. 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. Whether youre 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. Announcement Summary. Over the past decade production has increased to 178mt, from 40mt in FY10, and further growth via Eliwana and Iron Bridge should drive capacity closer to 200mtpa, Macquarie assesses. Fortescues big dividend. CLICK HERE, FNArena 2020. Looking for new stock ideas? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The payment of $1.96 billion in dividends to a single individual certainly grabs attention.. Fortescue Metals Group Limited (FSUMF) Dividend Growth History: By month or year. Fundamental company data provided by Morningstar and Zacks Investment Research. View todays FMG share price, options, bonds, hybrids and warrants. Some simple research can reduce the risk of buying Fortescue Metals Group for its dividend - read on to learn more. Cash flow should be strong as a result and Macquarie forecasts a free cash flow and a dividend yield of 12% on average. ET by Robb M. Stewart. Annual General Meeting. All rights reserved. Identify stocks that meet your criteria using seven unique stock screeners. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. The Fortescue share price jumped 2.8% to 10/9/2020. Share Registry and Dividend Reinvestment Plan. Please log in to your account or sign up in order to add this asset to your watchlist. 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 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. 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. This meteoric rise in price will see chairman Andrew Forrest pick up $2 billion in dividend payments this year. Export data to Excel for your own analysis. A booming iron ore price has resulted in a record dividend for Fortescue shareholders, and company founder Andrew Forrest is the biggest winner. Fortescue Metals Group Limited () Stock Market info Recommendations: Buy or sell Fortescue Metals Group stock? Ord Minnett downgrades to Accumulate from Buy, following the strong run-up in the share price. 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. 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 more. And thats after a huge run up of the share price over 2020 (and 2019). Fortescue Metals Group has grown distributions at a rapid rate despite cutting the dividend at least once in the past. Returns remain elevated at Fortescue Metals ((FMG)), which did not disappoint investors with its latest update. First Name. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Learn about financial terms, types of investments, trading strategies and more. FSUGY Most Recent Dividend. All Rights Reserved. Subscribe. Importantly, the iron ore majors dividend looks to be a major beat at $1.0 per share compared to the $0.72 expected. ATTRACTIVE: Fortescue Metals Group's dividend yield of 8.5% exceeds the industry average for metals & mining stocks listed on the ASX. Fortescue Metals Group Ltd is an Australia-based iron ore miner. Upgrade momentum is strong and, at spot prices, FY21 and FY22 free cash flow yields are 16-18%. Iron ore miner Fortescue Metals Group Limited is rewarding shareholders with a big increase in dividends as it broke a number of records.. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Start Your Risk-Free Trial Subscription Here. 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. In depth view into Fortescue Metals Group Dividend including historical data from 2012, charts, stats and industry comps. Barron's Why Iron Ore Stocks Are Attractive Shorts May. Fortescue Metals Group pays an annual dividend of $2.81 per share, with a dividend yield of 8.74%. It would not be a surprise to discover that many investors buy it for the dividends. Find out more at Intelligent Investor At the current Fortescue Metals Group share price that means it has a trailing dividend yield of 14.3% including the franking credits. Last Name. 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