FMG 1.20% $21.41 fortescue ltd

Final dividend likely to be at least $2.25 a share now, page-123

  1. 2,158 Posts.
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    Here is a reference to today's article on the dividend topic

    https://www.livewiremarkets.com/wires/buy-hold-sell-6-stocks-set-to-supercharge-their-dividends/

    From the article on FMG

    Fortescue Metals Group (ASX:FMG)

    Ally Selby: Okay Don, we've asked you to bring along a stock that you have high hopes for this reporting season and beyond. What have you brought for us today?

    Don Hamson (BUY): Well, no surprise I like iron ore. And Fortescue is a pure-play and we expect some great dividends out of them. In fact, they're trading on a huge yield already, but we expect with the dividend increase, it's going to get even better. But even now it's trading on a historic yield of 15% when you include franking. So that's incredible. Yes, there are risks on the iron ore price, but it's going to deliver a very good result and a great return of cash and franking credits to shareholders.


 
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