Fortescue Dividend
Dividend criteria checks 5/6
Fortescue is a dividend paying company with a current yield of 10.37% that is well covered by earnings.
Key information
10.4%
Dividend yield
71%
Payout ratio
| Industry average yield | 7.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | Mex$1.970 |
| Earnings per share | Mex$1.85 |
| Dividend yield forecast | 3.8% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: FMG1 N's dividend payments have been volatile in the past 10 years.
Growing Dividend: FMG1 N's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Fortescue Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (FMG1 N) | 10.4% |
| Market Bottom 25% (MX) | 2.6% |
| Market Top 25% (MX) | 7.2% |
| Industry Average (Metals and Mining) | 7.3% |
| Analyst forecast (FMG1 N) (up to 3 years) | 3.8% |
Notable Dividend: FMG1 N's dividend (10.37%) is higher than the bottom 25% of dividend payers in the MX market (2.44%).
High Dividend: FMG1 N's dividend (10.37%) is in the top 25% of dividend payers in the MX market (7.15%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (71.1%), FMG1 N's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (78.7%), FMG1 N's dividend payments are covered by cash flows.