Yesterday the BHP Group Ltd share price dropped 4% after shares in the mining powerhouse went ‘ex-dividend’.. BHP is a world-leading resources company, extracting and processing minerals (like iron ore and copper), oil and gas, and has more than 62,000 employees and contractors, primarily in Australia and the Americas. Here, the investment bank is expecting a dividend yield of 5.7% in FY20 – down from 9.3% in FY19.This information has been prepared by IG, a trading name of IG Markets Limited.

RIO itself pointed out that 2019’s realised iron ore prices came in ~36% higher than they did in 2018.Investors may have potentially taken bullish signs from those realised iron ore prices – as both These gains contributed to the strong performance of Australia’s materials sector today – with that index up 1.23% or 179.1 points – by the late afternoon.Ultimately, all this comes as speculation emerges that iron ore prices (using the 62% iron ore Fe Fines spot price as a reference) may be heading towards the US$100 per tonne mark. This may not include all funds available for retail investment in Australia. View recent trades and share price information for BHP Group Plc (BHP) Ordinary US$0.50 'Eureka Report' : 'Intelligent Investor' }} 15-day trial.The email address you entered is registered with InvestSMARTWe have sent you an email with the details of your registration. Shareholders of record on Thursday, September 3rd will be given a dividend of GBX 0.55 per share on Tuesday, September 22nd. Though an evidently more favourable consensus than Fortescue, BHP’s average 12-month share price target of $37.08 still implies potential downside for investors at current price levels.According to J.P. Morgan, BHP’s dividend is also expected to come in lower in FY20 – after a strong FY19. The peer calculation is inclusive of admin and management fees; excludes brokerage and no withdrawals have been made.

does not include fees charged within any ETF held in this portfolio, estimated to be approximately 0.18% (indirect cost ratio). We examine some commentary around the FY20 dividend outlook for both miners – as well as the expected share price returns for FMG and BHP over the next 12-months, according to Bloomberg Data.Equities – in Australia and across the globe – continue to power forward.The ASX 200 itself just passed the 7000 mark, and as we this morning reported: RBC analysts, looking at those results, noted that realised iron ore prices were slightly better than expected. On top of that, BHP has announced it will be paying a large special dividend, and BHP and Rio have already completed large capital management programs that effectively return huge fully franked dividends to Australian investors via tax-effective, off-market buybacks. Please refer to our IMPORTANT: This information is general financial product advice only and you should consider the relevant product disclosure statement (PDS) or seek professional advice before making any investment decision. - Iron ore prices have indeed remained elevated in recent months – after rebounding from lows of around US$75 per tonne in late-2019.Spot iron ore prices currently sit at US$94.74 per tonne.Taking a slight detour and looking at yesterday’s market commentary from the Metals Market Index (MMi), it was noted that:‘As recent shipments from Australia and Brazil fall, there will be an expected supply/demand gap given that restocking is ongoing, though slowly weakening.’As a consequence of this, and as is likely of most interest to investors, it was pointed out that:‘Iron ore prices are expected to trade around a narrow band next week.’With all this going on, below we look at the FY20 dividend outlook for BHP and FMG – from J.P. Morgan – as well as the average 12-month share price forecasts for both miners.FMG has continued to outperform the market even as analysts remain sceptical.Specifically, Fortescue (ASX: FMG) currently has a 12-month average price target of $8.85 – split between nine HOLD ratings and nine SELL ratings, according to Bloomberg Data. Here, the investment bank is expecting a dividend yield of 5.7% in FY20 – down from 9.3% in FY19. Password is required.

Historical performance is not a reliable indicator of future performance.

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