Fortescue Ltd
FMG: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.gl | LOCK|Wj^ | LOCK|^&$$$D |
Fortescue Earnings: Improved on Higher Prices and Volumes, Along With Reduced Unit Cash Costs
Fortescue's half-year NPAT of USD 1.9 billion—USD 0.62 per share—is up 23% on stronger iron ore prices and volumes, and lower unit cash costs. It declared an AUD 0.62 per share fully franked interim dividend, up 24% with higher earnings, but again a 65% payout, the midpoint of its 50%-80% target.
