Fortescue delivers payday to Forrest

Original article by Matt Chambers
The Australian – Page: 20 : 21-Aug-18

Fortescue Metals Group chairman and founder Andrew Forrest will be paid a total of $239m in dividend payments for the 2017-18 financial year. Forrest has received total franked dividend payments of $1.3bn before tax since 2011, with the bulk of these dividends being invested in his philanthropic organisation, the Minderoo Foundation. His 33.36 per cent stake in Fortescue is worth $4.33bn, based on the stock’s closing price of $4.26 on 20 August.

CORPORATES
FORTESCUE METALS GROUP LIMITED – ASX FMG, MINDEROO FOUNDATION, AUSTRALIAN INDUSTRIAL ENERGY, SQUADRON ENERGY, HOEGH LNG

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