Business
Here’s why the Fortescue (ASX:FMG) share price is up 12% in a month
The Fortescue Metals Group Limited (ASX: FMG) share price was one of the rather surprising standout performers on the S&P/ASX 200 Index (ASX: XJO) in 2020.
Last year, Fortescue delivered a 115% return to investors. This result was not including the hefty dividend payments shareholders also were happy to receive throughout the year (when, incidentally, many other ASX blue chips were slashing their payouts).
The ASX iron ore miner started 2020 at just under $11 a share, but finished the year up at just a touch over $23 a share. That phenomenal annual return was just the latest piece of good news that long-term Fortescue shareholders have been treated to. Over the past 5 years, this company has given investors an incredible return of…
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