Fortescue share price drops 3% on ex-dividend day — what FMG investors watch next
Fortescue shares fell 3.0% to A$20.50 after going ex-dividend for a 62-cent payout, swinging between A$19.38 and A$20.53 during the session. BHP rose 1.4% and Rio Tinto gained 1.3% as iron ore prices slipped in Asia. The S&P/ASX 200 closed up 0.03%. Fortescue’s dividend record date is March 3, with payment due March 30.