Shares of Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report) shot up 1.5% during trading on Wednesday . The company traded as high as $32.47 and last traded at $32.32. 39,456 shares were traded during mid-day trading, an increase of 9% from the average session volume of 36,045 shares. The stock had previously closed at $31.84.
Fortescue Stock Up 1.5 %
The stock’s 50 day moving average price is $33.67 and its 200 day moving average price is $33.85.
Fortescue Increases Dividend
The company also recently declared a dividend, which was paid on Wednesday, April 3rd. Investors of record on Monday, March 4th were paid a dividend of $1.3952 per share. This is an increase from Fortescue’s previous dividend of $1.27. The ex-dividend date of this dividend was Friday, March 1st. This represents a yield of 7.34%.
Fortescue Company Profile
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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