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Iron ore dividend bonanza has legs
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The dividend bonanza awaiting investors in the major iron ore miners this reporting season could extend until next year, with the spot price of the bulk commodity set to remain firmly elevated until at least the end of the June half.
BHP Group, Rio Tinto and Fortescue Metals Group are all expected to pay out a record regular dividend to shareholders when they report later this month. However, the strength of the iron ore price means the miners could remain cash cows for some time.
Katana’s Romano Sala Tenna.
Tony McDonough
On Tuesday, the price of spot iron ore rose 2.2 per cent to $US164.10 a tonne and has only fallen below $US150 a tonne once so far this year.