quinta-feira, 21 de novembro de 2024
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Mais
    InícioNotíciasFortescue shares sink on falling iron ore price

    Fortescue shares sink on falling iron ore price

    Publicado em

    The Fortescue Metals Group Limited (ASX: FMG) share price tumbled 5.5% to $9.03 today, but is still up around 115% plus substantial fully franked dividends over the past year.

    The stock is down after the iron ore price dropped to around US$80 a tonne on Friday according to data provider Market Index. The red metal’s price movements are nearly always related to swinging levels of Chinese demand with Fortescue and other miners like BHP Group Ltd (ASX: BHP) and Rio Tinto Limited (ASX: RIO) reliant on continually strong construction activity in China.

    For the financial year ending June 30 2019 Fortescue posted a record net profit of US$3.2 billion, which was nearly triple the prior year’s amount. Total dividends climbed an even more impressive 396%.

    The miner was largely built on debt by its risk-taking founder Andrew Forrest, which meant more conservative investors avoided it given the risks. However, net debt now stands at just US$0.5 billion with the deleveraged balance sheet another reason investors are piling in.

    When Edward Vesely — our resident dividend expert — has a stock tip, it can pay to listen. With huge winners like Dicker Data (up 147%) and Collins Food (up 105%) under his belt, Edward is building an enviable following amongst investors that are planning for retirement.

    In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income-hungry investors to buy now. All 3 stocks are paying growing fully franked dividends giving you the opportunity to combine capital appreciation with attractive dividend yields.

    Best of all, Edward’s “Top 3 Dividend Shares To Buy For 2020” report is totally free to all Motley Fool readers.

    Fonte: The Motley Fool

    São Paulo
    nuvens quebradas
    20.3 ° C
    21.2 °
    19.7 °
    88 %
    5.1kmh
    75 %
    sex
    20 °
    sáb
    24 °
    dom
    24 °
    seg
    26 °
    ter
    21 °

    Notícias recentes

    Solaris Resources (TSX:SLS) Announces Emigration Completion Plan, Leadership Changes, and Spin-Out Initiative

    (adsbygoogle = window.adsbygoogle || ).push({}); Solaris Resources (TSX:SLS)(NYSEAmerican:SLSR) has announced final steps to...

    Pambili Natural Resources (TSXV:PNN) Reports Progress on Underground Drilling at Zimbabwe’s Golden Valley Mine

    (adsbygoogle = window.adsbygoogle || ).push({}); Pambili Natural Resources (TSXV:PNN) has shared the latest...

    U.S. Gold Corp. (NASDAQ:USAU) Secures Final Permit Condition for CK Gold Project Development in Wyoming

    (adsbygoogle = window.adsbygoogle || ).push({}); U.S. Gold Corp. (NASDAQ:USAU), through its subsidiary Gold...

    leia mais

    Solaris Resources (TSX:SLS) Announces Emigration Completion Plan, Leadership Changes, and Spin-Out Initiative

    (adsbygoogle = window.adsbygoogle || ).push({}); Solaris Resources (TSX:SLS)(NYSEAmerican:SLSR) has announced final steps to...

    Pambili Natural Resources (TSXV:PNN) Reports Progress on Underground Drilling at Zimbabwe’s Golden Valley Mine

    (adsbygoogle = window.adsbygoogle || ).push({}); Pambili Natural Resources (TSXV:PNN) has shared the latest...

    U.S. Gold Corp. (NASDAQ:USAU) Secures Final Permit Condition for CK Gold Project Development in Wyoming

    (adsbygoogle = window.adsbygoogle || ).push({}); U.S. Gold Corp. (NASDAQ:USAU), through its subsidiary Gold...