Fortescue – FY20 Earnings

Fortescue Metals Group is under Algo Engine buy conditions and is among the best-performing holdings within our ASX 100 model portfolio.

FY20 revenue was up 27% to $13bn and EBIT was in line with consensus at US$8.3bn, up 38% on the same time last year.

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Forward dividend yield is 4.8%, plus any special dividends announced in FY21.

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