1. Most Discussed
  2. Gainers & Losers
RIO $71.67

News: Rio Tinto FY dividend higher plus share buyback

  1. Rio Tinto Limited (ASX:RIO) has seen its profits and earnings fall but it has boosted its dividend and announced a $US2 billion share buyback in the 2014 full year.
    The miner showed underlying earnings of $US9.3 billion, down from $US10.2 billion the year before blaming falling commodities prices and a tough operating environment.
    CEO Sam Walsh says continued financial and operating discipline enabled the company to offset lower commodity prices. 
    Having previously committed to materially increase cash returns the company says it will boost its full year dividend by 12 per cent to $US2.15 per share on top of the $US2 billion share buyback.  
    The company says it will focus on cost reduction going forward with further improvements of $750 million expected in 2015. 

Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.