Fortescue (ASX:FMG) Dividend Payout Ratio

: 0.60 (As of Dec. 2023)

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Fortescue's dividend payout ratio for the months ended in Dec. 2023 was 0.60.

The historical rank and industry rank for Fortescue's Dividend Payout Ratio or its related term are showing as below:

ASX:FMG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.11 Med: 0.49 Max: 1.14
Current: 0.62

During the past 13 years, the highest Dividend Payout Ratio of Fortescue was 1.14. The lowest was 0.11. And the median was 0.49.

ASX:FMG's Dividend Payout Ratio is ranked worse than
67.42% of 264 companies
in the Metals & Mining industry
Industry Median: 0.42 vs ASX:FMG: 0.62

As of today (2024-04-17), the Dividend Yield % of Fortescue is 8.31%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Fortescue was 20.79%. The lowest was 0.70%. And the median was 6.23%.

Fortescue's Dividends per Share for the months ended in Dec. 2023 was A$0.97.

During the past 12 months, Fortescue's average Dividends Per Share Growth Rate was -18.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 28.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 58.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 49.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Fortescue was 112.20% per year. The lowest was 2.90% per year. And the median was 39.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Fortescue Dividend Payout Ratio Historical Data

The historical data trend for Fortescue's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fortescue Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Dividend Payout Ratio

0.22

0.43

0.56

1.07

0.75

Fortescue Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio																1.71	0.56	1.08	0.64	0.60

Competitive Comparison

For the Other Industrial Metals & Mining subindustry, Fortescue's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Fortescue Dividend Payout Ratio Distribution

For the Metals & Mining industry and Basic Materials sector, Fortescue's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Fortescue's Dividend Payout Ratio falls into.

Fortescue Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Fortescue's Dividend Payout Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jun. 2023 )	/	EPS without NRI (A: Jun. 2023 )
	=	1.989	/	2.669
	=	0.75

Fortescue's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.968	/	1.618
	=	0.60

Fortescue (ASX:FMG) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Fortescue Dividend Payout Ratio Related Terms

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Fortescue (ASX:FMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Fortescue Ltd (ASX:FMG) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

FSUMF:USA FSUGY:USA FVJ:Germany

Address

87 Adelaide Terrace, Level 2, East Perth, Perth, WA, AUS, 6004

Website

https://www.fortescue.com

Fortescue is an Australia-based iron ore miner. It has grown from obscurity start of 2008 to become the world's fourth-largest producer. Growth was fueled by debt, now repaid. Expansion from 55 million metric tons in fiscal 2012 to about 190 million metric tons in 2023 means Fortescue supplies nearly 10% of global seaborne iron ore. Further expansion above 200 million metric tons is likely once it completes construction of its 22 million metric tons Iron Bridge magnetite mine. However, with longer-term demand likely to decline as China's economy matures, we expect Fortescue's future margins to be below historical averages. More recently, Fortescue diversified into green energy, with ambitions to become a major supplier of green hydrogen and green ammonia. Its efforts are early stage.

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