Fortescue Ltd (OTCMKTS:FSUGY – Get Free Report)’s stock price was up 1.5% during trading on Wednesday . The company traded as high as $32.47 and last traded at $32.32. Approximately 39,456 shares were traded during trading, an increase of 9% from the average daily volume of 36,045 shares. The stock had previously closed at $31.84.
Fortescue Trading Up 3.9 %
The stock has a fifty day simple moving average of $33.49 and a 200 day simple moving average of $33.89.
Fortescue Increases Dividend
The firm also recently declared a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 4th were issued a dividend of $1.3952 per share. The ex-dividend date was Friday, March 1st. This is a boost from Fortescue’s previous dividend of $1.27. 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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