Elizabeth Gaines Sells 113,994 Shares of Fortescue Metals Group Limited (ASX:FMG) Stock

Fortescue Metals Group Limited (ASX:FMG) insider Elizabeth Gaines sold 113,994 shares of the company’s stock in a transaction that occurred on Wednesday, September 8th. The shares were sold at an average price of A$17.92 ($12.80), for a total value of A$2,042,658.49 ($1,459,041.78).

The company has a current ratio of 2.31, a quick ratio of 1.97 and a debt-to-equity ratio of 23.98.

The firm also recently declared a Final dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 29th will be issued a $2.11 dividend. This represents a yield of 10.05%. This is an increase from Fortescue Metals Group’s previous Final dividend of $1.00. The ex-dividend date is Sunday, September 5th. Fortescue Metals Group’s dividend payout ratio is 94.15%.

About Fortescue Metals Group

Fortescue Metals Group Limited engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. It also explores for copper and gold deposits. 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 and Kings Valley mines located in the Hamersley ranges of Pilbara, Western Australia.

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