Business
Rio Tinto rolls out record $US9b dividend – The Australian Financial Review
Rio Tinto has blown analyst forecasts out of the water with the biggest dividend in its history after extraordinarily strong iron ore prices drove the miner to…
Rio Tinto has blown analyst forecasts out of the water with the biggest dividend in its history after extraordinarily strong iron ore prices drove the miner to its biggest profit in nine years.
The $US5.57 per share of total dividends in 2020 came as Rio reported a $US12.4 billion underlying profit for the year to December 31.
Analysts measured by VUMA had expected Rio to pay total dividends for the year of $US4.80 per share on the back of an $US11.74 billion underlying profit.
The payout was worth…
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