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Fortescue half-year result: Andrew Forrest scoops $1.6b as miner beats dividend estimates – The Australian Financial Review
Fortescue has confirmed a $US400 million blow out on the Iron Bridge project as it paid a better than expected dividend.
Mr Forrests entities received $1.96 billion of dividends from Fortescue in fiscal 2020 and $1.24 billion of dividends the previous year.
Fortescues bumper dividend comes after rival iron ore miners BHP and Rio Tinto paid dividends earlier this week that were much bigger than expected.
The best financial results in Fortescues history have been overshadowed this week by the exit of three executives, including high profile operations boss Greg Lilleyman, over the Iron Bridge blow outs.
Fortescue said…
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