Hopes are high for a dividend windfall from iron ore giants BHP and Fortescue Metals Group this week, as the spoils of the iron ore price surge are shared with investors.UBS is forecasting Fortescue to beat expectations with a bumper 90¢-a-share interim dividend. It is on track for a record result in 2019-20 and has a policy of paying out between 50 to 80 per cent of earnings to shareholders. A 90¢ dividend would represent the highest end of that range and be worth $981 million to chairman Andrew Forrest.
Iron ore futures traded in Singapore settled at $US85.76 a tonne on Friday.
https://www.copyright link/markets/equity-markets/bhp-investors-count-on-iron-ore-windfall-20200214-p540y3
Iron ore price, page-19477
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