FMG News: Fortescue Metals Group's (ASX:FMG) Dividend Is Being Reduced To $1.00 - 31st Aug 2023, 6:06am

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Fortescue Metals Group Limited (ASX:FMG) is reducing its dividend from last year's comparable payment to $1.00 on the 28th of September. However, the dividend yield of 8.1% is still a decent boost to shareholder returns.

See our latest analysis for Fortescue Metals Group

Fortescue Metals Group Is Paying Out More Than It Is Earning

Impressive dividend yields are good, but this doesn't matter much if the payments can't be sustained. Before making this announcement, Fortescue Metals Group's was ...

>>> Read more: Fortescue Metals Group's (ASX:FMG) Dividend Is Being Reduced To $1.00
 
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