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 stock was acquired at an average price of A$18.82 per share, for a total transaction of A$13,307.86.
Fortescue Price Performance
The company has a market cap of $38.07 billion, a P/E ratio of 6.71, a PEG ratio of -0.18 and a beta of 0.86. The company has a current ratio of 2.67, a quick ratio of 2.36 and a debt-to-equity ratio of 27.62.
Fortescue Cuts Dividend
The company also recently disclosed a Final dividend, which was paid on Thursday, September 25th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.60 per share. This represents a yield of 315.0%. The ex-dividend date was Sunday, August 31st. Fortescue’s dividend payout ratio is presently 71.38%.
About Fortescue
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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