Fortescue Dividends and Buybacks
Dividend criteria checks 4/6
Fortescue is a dividend paying company with a current yield of 4.73% that is well covered by earnings.
Key information
4.7%
Dividend yield
0.2%
Buyback Yield
| Total Shareholder Yield | 5.0% |
| Future Dividend Yield | 3.8% |
| Dividend Growth | 15.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 68% |
Recent dividend and buyback updates
Recent updates
New Narrative • Jun 01
Decarbonization Spend And Global Expansion Will Pressure Margins And Earnings Trajectory
Catalysts About Fortescue Fortescue is a global mining group focused on iron ore, with expanding exposure to copper, critical minerals and green energy technologies. What are the underlying business or industry changes driving this perspective?
Narrative Update • Apr 23
FMG: Reset Commodity Deck And Steady Shipments Will Support Fair Value
Analysts have reduced their Fortescue price target by A$1.20 to A$17.20, citing updated longer term commodity price forecasts across key metals and mining benchmarks. Analyst Commentary Bullish Takeaways Bullish analysts may view the A$17.20 target as still reflecting confidence that Fortescue can execute within the updated commodity price deck, even with more conservative long term assumptions for key metals.Narrative Update • Apr 08
FMG: Reset Commodity Deck And Record Shipments Will Steady Fair Value
Narrative Update The analyst price target for Fortescue has been trimmed by A$1.20 to A$17.20, with analysts pointing to updated long term commodity price assumptions across copper, aluminum, coal and gold as the key driver of the reset. Analyst Commentary Recent research highlights a more cautious stance on Fortescue, with price targets reset and ratings moved lower as analysts refresh longer term commodity assumptions.Narrative Update • Mar 25
FMG: Sector Price Deck Reset Will Shape Fair Value And Payouts
Analysts have nudged their fair value estimate for Fortescue slightly lower, trimming the implied price target by around A$0.12. Updated commodity price forecasts and a more cautious stance on the Australia metals and mining sector have fed into modestly softer revenue growth assumptions and a slightly lower future P/E.Narrative Update • Mar 10
FMG: Sector Commodity Reset Will Shape Fair Value And Dividend Outlook
Analysts have trimmed their price target on Fortescue to A$17.20 from A$18.40, reflecting updated commodity price assumptions and a view that softer revenue growth and profit margins, together with a higher future P/E and discount rate, temper the upside case for the shares. Analyst Commentary Recent research updates on Fortescue point to a more cautious stance, with analysts recalibrating their views after revising long term commodity price assumptions and sector wide expectations for Australian metals and mining names.Narrative Update • Feb 22
FMG: Sector Commodity Reset Will Temper Fair Value And Dividend Support
Analysts have nudged our fair value estimate for Fortescue slightly lower to A$19.51. The shift aligns with recent Street price target cuts from A$19.25 to A$18.50 and then to A$17.20 as they refresh commodity assumptions and ratings across the Australian metals and mining sector.Narrative Update • Feb 08
FMG: Fair Value Reset Will Test Dividend Resilience As Sector Risks Build
Analysts have trimmed their price target on Fortescue to about A$19.70 from roughly A$19.90, reflecting a slightly higher discount rate, a modestly less negative revenue growth outlook and marginally stronger profit margin assumptions, alongside cautious sector views highlighted in recent research. Analyst Commentary Bullish Takeaways Bullish analysts still see value support close to the revised A$19.70 target, with the A$18.50 reference point suggesting the stock is not priced for aggressive growth expectations.Narrative Update • Jan 25
FMG: Dividend Policy Will Face Mounting Pressure As Execution Risks Persist
Fortescue's analyst price target has been revised to about A$19.88 from A$19.33. Analysts point to updated assumptions around discount rates, revenue trends, profit margins and future P/E to support the change.Narrative Update • Jan 10
FMG: Dividend Payout Will Continue To Worsen Emerging Earnings Risk Profile
Analysts have nudged their price target for Fortescue slightly higher to A$19.33 from A$19.18, reflecting small adjustments to assumptions on discount rate, revenue growth, profit margin and future P/E expectations. Valuation Changes Fair Value: updated slightly from A$19.18 to A$19.33 per share.Analysis Article • Dec 27
There's No Escaping Fortescue Ltd's (ASX:FMG) Muted Earnings
Fortescue Ltd's ( ASX:FMG ) price-to-earnings (or "P/E") ratio of 13.6x might make it look like a buy right now...Narrative Update • Dec 21
FMG: Dividend Payout Will Continue To Worsen Emerging Earnings Risk Profile
Analysts have modestly raised their price target on Fortescue, citing slightly improving revenue trends, a small uplift in profit margin expectations, and a marginally higher future P/E outlook, which together support an increase in fair value from approximately $18.55 to $19.18 per share. Valuation Changes Fair Value has risen slightly from approximately A$18.55 to A$19.18 per share, reflecting modestly better fundamentals.Narrative Update • Dec 07
FMG: Dividend Payout Will Continue To Weigh Against Rising Risk Profile
Narrative Update on Fortescue Analysts have reduced their price target on Fortescue by approximately $0.43 per share, citing slightly higher perceived risk and only marginally improved expectations for long term growth and profitability. Valuation Changes Fair Value: reduced slightly from A$18.99 to A$18.55 per share, reflecting a modest downgrade in intrinsic value estimates.Narrative Update • Nov 23
FMG: Dividend Payout Will Weigh Against Sector Risks After Downgrade
Analysts have raised their price target for Fortescue slightly, increasing it to approximately A$18.99 per share from A$18.93. This adjustment follows minor revisions to revenue growth and profit margin forecasts based on their review of recent results.Narrative Update • Nov 07
FMG: Fiscal Outlook Will Balance Dividend Strength Against Key Market Risks
Analysts have slightly raised their price target for Fortescue to A$18.93 from A$18.52. This change reflects updated valuation models following the latest fiscal report.Narrative Update • Oct 24
Raising Risks And Downgrade Signals Caution For Margins Ahead
Fortescue's analyst price target has been raised modestly from A$18.14 to A$18.52 as analysts factor in improved profit margins and a slightly lower discount rate following the latest financial updates. Analyst Commentary Recent commentary from market observers highlights a mix of optimism and caution regarding Fortescue's outlook.Narrative Update • Oct 10
Rising Extraction Costs And China Risks Will Erode Margins
Analysts have modestly raised their price target for Fortescue from A$17.59 to A$18.14. They cite improved profit margins and a slight upward adjustment to financial assumptions, despite ongoing valuation concerns.Narrative Update • Sep 26
Rising Extraction Costs And China Risks Will Erode Margins
Fortescue’s fair value estimate has remained essentially stable amid a slight uptick in forward P/E and a modest decline in net profit margin, resulting in only a marginally higher analyst price target of A$17.59. What's in the News Fortescue announced an ordinary fully franked dividend of AUD 0.60 per share for the twelve months ending June 30, 2025, with the ex-date on September 1, record date on September 2, and payable on September 26, 2025.Analysis Article • Sep 14
Returns On Capital Signal Tricky Times Ahead For Fortescue (ASX:FMG)
There are a few key trends to look for if we want to identify the next multi-bagger. One common approach is to try and...Narrative Update • Sep 11
Rising Extraction Costs And China Risks Will Erode Margins
Fortescue's consensus Analyst Price Target was marginally revised down to A$17.26, as a sharp increase in its future P/E indicates reduced earnings expectations despite revenue growth forecasts remaining flat. What's in the News Fortescue announced an ordinary fully franked dividend of AUD 0.60 per share for the twelve-month period ending June 30, 2025.Analysis Article • Aug 29
Analysts Are Updating Their Fortescue Ltd (ASX:FMG) Estimates After Its Full-Year Results
Last week saw the newest yearly earnings release from Fortescue Ltd ( ASX:FMG ), an important milestone in the...Narrative Update • Aug 27
Iron Bridge And Green Initiatives Will Shape Future Prospects, Yet Falling Hematite Prices And Rising Costs May Challenge Earnings
Despite a notable improvement in consensus revenue growth forecasts and a slight decline in future P/E, Fortescue's analyst price target has edged down modestly from A$17.77 to A$17.46. Valuation Changes Summary of Valuation Changes for Fortescue The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from A$17.77 to A$17.46.Analysis Article • Jul 23
Fortescue Ltd's (ASX:FMG) Shares Bounce 25% But Its Business Still Trails The Market
Fortescue Ltd ( ASX:FMG ) shareholders would be excited to see that the share price has had a great month, posting a...Analysis Article • Jun 25
Is There An Opportunity With Fortescue Ltd's (ASX:FMG) 49% Undervaluation?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Fortescue fair value estimate is AU$29.11 Current share price...
New Narrative • Feb 09
Supply Chain Challenges Could Delay Revenue From Green Iron Plant At Christmas Creek
Aggressive expansion into green energy could strain financial resources and affect future earnings if costs exceed expectations or revenues materialize slowly.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: FMG's dividend payments have been volatile in the past 10 years.
Growing Dividend: FMG's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Fortescue Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (FMG) | 4.7% |
| Market Bottom 25% (AU) | 2.8% |
| Market Top 25% (AU) | 6.9% |
| Industry Average (Metals and Mining) | 3.0% |
| Analyst forecast (FMG) (up to 3 years) | 3.8% |
Notable Dividend: FMG's dividend (4.73%) is higher than the bottom 25% of dividend payers in the Australian market (2.76%).
High Dividend: FMG's dividend (4.73%) is low compared to the top 25% of dividend payers in the Australian market (6.9%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (68%), FMG's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (54.1%), FMG's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/04 23:04 |
| End of Day Share Price | 2026/06/04 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/06/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fortescue Ltd is covered by 33 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ephrem Ravi | Barclays |
| Glyn Lawcock | Barrenjoey Markets Pty Limited |
| Dale Koenders | Barrenjoey Markets Pty Limited |