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BRIEF-Fortescue Metals Group says FY18 dividend pay-out ratio guidance has been increased

Published 21/08/2017, 09:52 am
© Reuters.  BRIEF-Fortescue Metals Group says FY18 dividend pay-out ratio guidance has been increased
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Aug 21 (Reuters) - Fortescue Metals Group Ltd FMG.AX

* FY18 dividend pay-out ratio guidance increased to a range of 50 to 80 per cent of net profit after tax

* Strong FY17 results reflected higher iron ore prices during year, as well as efficiency initiatives to further reduce C1 costs to US$12.82 per wmt

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