Business
Why Fortescue is a dividend powerhouse – The Australian Financial Review
Five years ago, FMG paid a dividend of 5¢ a share. It could now be on its way to paying an annual dividend more than 60 times that number.
Of course, the dividend is a function of profits and that is a function of Chinas demand for iron ore.
FMG chief executive Elizabeth Gaines is as bullish as ever about the prospects for iron ore in the year ahead thanks to strong demand from China and the world steel industry.
Chinas iron ore imports were 1.17 billion tonnes in calendar year 2020, and that was up 9 per cent, she says.
I think everybody in China is committed to net zero operational emissions by 2060.
Elizabeth Gaines, FMG chief executive
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