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Rio Tinto’s capital return crashes by half on $2.5 billion dividend payout – Motley Fool Australia
The Rio Tinto Limited (ASX: RIO) share price could come under pressure tomorrow after it posted its half year results and a smaller than expected cash handout.
The Rio Tinto Limited(ASX: RIO) share price could come under pressure tomorrow after the miner posted a drop in its half year results and a smaller than expected cash handout.
Australia’s largest iron ore miner posted a 6% decline in underlying earnings before interest, tax, depreciation and amortisation (EBITDA) to US$9.6 billion ($13.4 billion) and declared a US$1.55 a share interim dividend.
The fall in earnings comes even as the iron ore price remains stubbornly high through the COVID-19 m…
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