Fortescue Ltd (OTCMKTS:FSUMF – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.95 and traded as low as $16.29. Fortescue shares last traded at $16.29, with a volume of 12,526 shares traded.
Fortescue Price Performance
The company’s fifty day simple moving average is $16.98 and its 200 day simple moving average is $16.95.
Fortescue Dividend Announcement
The business also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, February 29th were issued a $1.08 dividend. The ex-dividend date was Wednesday, February 28th. This represents a yield of 7.38%. Fortescue’s dividend payout ratio (DPR) is presently 21.45%.
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 owns and operates the Chichester Hub that includes the Cloudbreak and Christmas Creek mines located in the Chichester ranges; and the Solomon Hub comprising the Firetail, Kings Valley, and Queens Valley mines located in the Hamersley ranges of Pilbara, Western Australia.
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