Fortescue (OTCMKTS:FSUMF) Share Price Crosses Below 200 Day Moving Average of $17.06

Fortescue Ltd (OTCMKTS:FSUMF)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $17.06 and traded as low as $16.75. Fortescue shares last traded at $16.75, with a volume of 1,374 shares changing hands.

Fortescue Stock Down 0.6 %

The company’s fifty day moving average price is $16.76 and its two-hundred day moving average price is $17.06.

Fortescue Announces Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, March 27th. Shareholders of record on Thursday, February 29th were paid a dividend of $1.08 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a yield of 7.38%. Fortescue’s dividend payout ratio is 21.45%.

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.