Fortescue (OTCMKTS:FSUGY) Trading Up 1.5%

Fortescue Ltd (OTCMKTS:FSUGY)’s share price was up 1.5% on Wednesday . The company traded as high as $32.47 and last traded at $32.32. Approximately 39,456 shares changed hands during mid-day trading, an increase of 9% from the average daily 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 is $33.67 and its two-hundred day moving average is $33.85.

Fortescue Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Monday, March 4th were paid a $1.3952 dividend. This represents a yield of 7.34%. This is a positive change from Fortescue’s previous dividend of $1.27. The ex-dividend date of this dividend was Friday, March 1st.

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.