Business
2 top ASX dividend shares with massive yields
Positively, for income investors in this low interest rate environment, there are a good number of ASX dividend shares offering generous yields.
For example, two ASX dividend yields with particularly big yields are named below. Here’s why they are rated as buys:
Fortescue Metals Group Limited (ASX: FMG)
This mining giant recently released its half year results and revealed a significant increase in all key metrics. This was driven by its low costs, record shipments, and the sky high iron ore price. In respect to the latter, Fortescue reported an average realised price of US$114 per dry metric tonne for its iron ore. This was a massive 42.5% increase on the prior corresponding period.
This underpinned a 44% increase in revenue…
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