Fortescue Metals Group Limited (ASX: FMG)
Another ASX dividend share to consider buying is Fortescue. I think the iron ore producer would be a great option due to the high prices that the steel making ingredient is commanding this year. And thanks to an improving outlook for steel production in China, these lofty iron ore prices look likely to stay in or around current levels for longer.
Combined with its low cost operations, this should put Fortescue in a position to deliver high levels of free cash flow again in FY 2021. Pleasingly, given the strength of its balance sheet, I expect the majority of this free cash flow to be returned to shareholders. Which, based on the current Fortescue share price, I estimate will lead to a fully franked dividend yield of at least 6% this year.
https://www.********.au/2020/10/07/buy-fortescue-asxfmg-and-this-asx-dividend-share-for-income/
Fortescue Metals Group Limited (ASX: FMG)Another ASX dividend...
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Last
$19.13 |
Change
0.260(1.38%) |
Mkt cap ! $58.90B | |||
| Open | High | Low | Value | Volume |
| $19.38 | $19.38 | $19.01 | $50.02M | 2.595M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 13711 | $19.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.13 | 957 | 3 |
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| Last trade - 10.47am 01/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |