Fortescue Ltd Plans Interim Dividend of $0.62 (ASX:FMG)

Fortescue Ltd (ASX:FMG) announced a interim dividend on Thursday, February 26th, MarketIndexAU Dividends reports. Stockholders of record on Sunday, March 29th will be given a dividend of 0.62 per share on Sunday, March 29th. This represents a dividend yield of 297.0%. The ex-dividend date is Sunday, March 1st.

Fortescue Stock Performance

The company has a debt-to-equity ratio of 27.62, a current ratio of 2.67 and a quick ratio of 2.36. The stock has a market capitalization of $38.07 billion, a P/E ratio of 6.71, a PEG ratio of -0.18 and a beta of 0.86.

Fortescue Company Profile

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 2023.