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Record profit, new dividend for Fortescue

Australian iron ore major Fortescue Metals Group has announced a surprise final dividend, despite already declaring an out-of-cycle dividend in May.

Record profit, new dividend for Fortescue Record profit, new dividend for Fortescue Record profit, new dividend for Fortescue Record profit, new dividend for Fortescue Record profit, new dividend for Fortescue

A train being loaded with FMG ore in Western Australia's north

The company declared a fully franked final dividend of A24c per share, taking total FY19 dividends to $1.14 per share, equating to 78% of net profit after tax.