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Is the Fortescue (ASX:FMG) share price a buy for dividends? – The Motley Fool Australia
Could the Fortescue Metals Group Ltd (ASX:FMG) share price be a buy for its dividend? Its trailing yield is 10.5%, grossed-up.
Could the Fortescue Metals Group Ltd (ASX: FMG) share price be worth buying for its dividend right now?
What is Fortescue Metals Group?
Fortescue describes itself as one of the global leaders in the iron ore industry with its mining assets in Pilbara, Western Australia. The company was only founded in 2003 by Andrew Forrest.
It has fully integrated operations in the Pilbara including the Chichester and Solomon mining hubs and it’s developing the Western Hub, home to the new Eliwana mine. The Iron…
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