Fortescue Ltd (ASX:FMG – Get Free Report) insider Mark Barnaba purchased 1,312 shares of the stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of A$16.18 ($9.80) per share, for a total transaction of A$21,222.91 ($12,862.37).
Fortescue Stock Performance
The company has a market cap of $38.07 billion, a price-to-earnings ratio of 6.71, a price-to-earnings-growth ratio of -0.18 and a beta of 0.86. The company has a debt-to-equity ratio of 27.62, a quick ratio of 2.36 and a current ratio of 2.67.
Fortescue Cuts Dividend
The firm also recently disclosed a Interim dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 26th were given a $0.50 dividend. The ex-dividend date was Tuesday, February 25th. This represents a dividend yield of 2.68%. Fortescue’s payout ratio is 71.38%.
About Fortescue
Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It explores for copper, gold, and lithium deposits; and rare earth elements. The company provides port towage services; owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia.
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