Rio Tinto earnings up 2%, ups dividend


Australia’s biggest miner Rio Tinto says it will return billions to shareholders after recording a 2 per cent rise in underlying earnings last year, to $8.63 billion (A$12.2b).

The figure was significantly higher than a consensus estimate of $US8.47 billion ($A11.8b) compiled by Vuma Financial, Reuters reported.

Rio Tinto said it would distribute a special dividend of $A3.387 per share and a final dividend of $A2.5089 per share, both fully franked.

The company also said its drilling had discovered early signs of copper and gold mineralisation at its Winu project in Western Australia, 350km southeast of Port Hedland.



Source link Finance News Australia

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