Iron ore dividends still on track

Original article by Nick Evans
The Australian – Page: 18 : 8-Apr-20

Macquarie Group is bullish about the outlook for iron ore producers BHP, Rio Tinto and Fortescue Metals Group, arguing that continued strong cashflows should enable them to maintain dividend yields. Macquarie notes that BHP’s iron ore operations will have helped to offset the impact of the sharp fall in the crude oil price on its petroleum division. Glynn Lawcock of UBS also expects BHP and Rio Tinto to maintain their dividend payments, although he says gold and base metal miners may reduce their dividends.

CORPORATES
BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, FORTESCUE METALS GROUP LIMITED – ASX FMG, MACQUARIE GROUP LIMITED – ASX MQG, UBS HOLDINGS PTY LTD

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