Business
The 3 highest paying ASX 200 dividend shares
February reporting season highlighted relatively flat earnings growth for ASX 200 shares, but an improvement in dividends and cash holdings. Here are the ASX 200 dividend shares that are currently paying the highest dividends.
1. Fortescue Metals Group Ltd (ASX: FMG)
A roaring iron ore spot price has earned Fortescue the title of highest paying ASX 200 dividend share. Unlike other shares that might be paying a higher yield due to a fall in share price, higher iron ore prices have translated to record earnings and cash flow, and subsequently a market-leading dividend yield of 11.70%.
Brokers think the Fortescue share price could bounce back in the short-medium term after it went ex-dividend last week. On 4 March, UBS rated…
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