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FSUMF - An Update On Fortescue - A 12% Dividend Yield Plus 2% Buyback Yield For A Total Yield Of 14%
Fortescue Metals Group Ltd.
A 12% Dividend Yield and 2% Buyback Yield - Fully Covered
Since my first article on Fortescue (OTCQX:FSUGY) (OTCQX:FSUMF) on July 30, the stock has risen 4.95% from A$8.29 to A$8.70 today. That article was a little complicated. So I will try to make this article a little easier to understand. But I still recommend you to read that article first before getting into this update.
To summarize, Fortescue is a pure-play iron ore stock play based in Perth, West Australia. The Fortescue ordinary shares trade on the Australian Stock Exchange