CAPITAL MARKETS

FMG posts record profit, tops up dividend

FORTESCUE Metals Group has announced a surprise final dividend, despite already declaring an out-of-cycle dividend in May.

 A train being loaded with FMG ore

A train being loaded with FMG ore

The company declared a fully franked final dividend of A24c per share, taking total FY19 dividends to $1.14 per share, equating to 78% of net profit after tax. The payment was 396% higher than FY18...

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