Biggest dividend in history for Rio Tinto
Coming off the back of high commodity prices, Rio Tinto have announced their biggest dividend in the company’s history. Rio Tinto recorded a final dividend of US$6.5 billion in February 2021. This US$6.5 billion dividend when added to Rio Tinto’s half-year dividend, resulted in the company returning US$9 billion to its shareholders. Rio Tinto’s iron ore, its most important commodity rose by almost 85% in 2020 to a nine-year high with Iron ore accounting for around 90% of Rio Tinto’s earnings.
Source: https://www.ft.com/content/c6eab9a0-47ce-410f-9274-aa7da067ca37
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