Fortescue Metals Group Limited (FMG) Plans Dividend Increase – $0.60 Per Share

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Fortescue Metals Group Limited (ASX:FMG) declared a interim dividend on Wednesday, May 15th, MarketIndexAU reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.60 per share on Friday, June 14th. This represents a yield of 7.37%. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a positive change from Fortescue Metals Group’s previous interim dividend of $0.30.

FMG opened at A$8.40 ($5.96) on Thursday. The company has a quick ratio of 0.89, a current ratio of 1.36 and a debt-to-equity ratio of 40.04. Fortescue Metals Group has a 12-month low of A$3.52 ($2.49) and a 12-month high of A$8.24 ($5.84). The company has a market cap of $25.85 billion and a price-to-earnings ratio of 31.11.

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About Fortescue Metals Group

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. The company owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail and Kings Valley mines located in the Hamersley ranges of Pilbara, Western Australia.

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