From Macquarie:
“Given the strong free cash flow yields on our forecasts and at spot prices, we believe the iron ore miners should continue to pay healthy dividends.”
“The 12-month forward yield is 3 per cent for S32, 7 per cent for BHP, 8 per cent for Rio and 14 per cent for Fortescue. These screen well versus other sectors, with the ASX100 average forward yield being 5 per cent.”