Fortescue Ltd (ASX:FMG – Get Free Report) insider Larry Marshall purchased 707 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were bought at an average cost of A$18.82 per share, with a total value of A$13,307.86.
Fortescue Stock Performance
The stock has a market capitalization of $38.07 billion, a P/E ratio of 6.71, a price-to-earnings-growth ratio of -0.18 and a beta of 0.86. The company has a debt-to-equity ratio of 27.62, a quick ratio of 2.36 and a current ratio of 2.67.
Fortescue Cuts Dividend
The firm also recently declared a Final dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 25th were paid a $0.60 dividend. The ex-dividend date was Sunday, August 31st. This represents a dividend yield of 315.0%. Fortescue’s payout ratio is 71.38%.
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.
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