Accuracy Coverage Pricing Contact

Rio Tinto have announced a 19% increase in their dividend

Investment Tools Ltd.
Rio Tinto have announced a 19% increase in their dividend

Rio Tinto has announced returns to shareholders of $3.5 billion including interim dividend of $2.5 billion and special dividend of $1.0 billion and a 151.1 dividend per share (US cent), a 19% increase from 127.0.

Other financial highlights include:

• Underlying EBITDA3 of $10.3 billion (excluding the contribution from the coking coal assets divested in 2018), was 19% above 2018 first half, with an EBITDA margin7 of 47%.

• Operating cash flow of $6.4 billion is presented net of $0.9 billion of tax paid in 2019 first half relating to the 2018 coking coal disposals.

• Free cash flow2 of $3.9 billion was 35% higher than 2018 first half.

• Cash returns of $3.5 billion announced today, comprising record interim ordinary dividend of $2.5 billion, equivalent to 151 US cents per share, and special dividend of $1.0 billion, equivalent to 61 US cents per share.

• $4.9 billion underlying earnings3, 12% higher due to a strong contribution from Iron Ore.

• Following our update on the Oyu Tolgoi underground project on 16 July 2019, we completed an impairment assessment and concluded that the changes to project cost and schedule led to an impairment charge, net of tax and non-controlling interests, of $0.8 billion. The impairment is reflected in net earnings of $4.1 billion9.

• Record 23% Return on Capital Employed6, a rise of four percentage points on 2018.

• Strong balance sheet with net debt5 of $4.9 billion, mainly reflects $7.8 billion of cash returns to shareholders paid in 2019 first half, partly offset by free cash flow.

Companies mentioned

Latest News

Investment Tools Limited

The WH Smith Board has a progressive dividend policy and expects that over time dividends would be broadly covered twice by earnings calculated on a normalised tax basis. The Board has proposed a final dividend of 41.0p per share, an increase of 8% on the prior year, giving a total ordinary dividend per share of 58.2p, an 8% increase on the prior year.

Read more
Investment Tools Limited

Bellway have announced that their growth in earnings has enabled the board to recommend a 5.3% increase in the final dividend to 100.0p per share (2018 - 95.0p), increasing the proposed total dividend for the year by 5.2% to 150.4p per share (2018 - 143.0p). 

Read more
Investment Tools Limited

The Walker Greenbank Board has declared an interim dividend of 0.52p per share (H1 2018: 0.69p) with the previous year's dividend pay-out ratio expected to be maintained for the current financial year. The interim dividend will be payable on 22 November 2019 to shareholders on the register as at 25 October 2019.

Read more
Investment Tools Limited

As a result of the progress made with their strategy, the Morses Club Board is delighted to declare an interim dividend of 2.6p per share 

Read more
Investment Tools Limited

The N Brown Group Plc Board is declaring an interim dividend of 2.83p per share which is flat on last year's interim dividend.

Read more
Investment Tools Limited

Volution paid an interim dividend of 1.60 pence per share in May 2019. On the basis of their results and financial position, the Volution Board has proposed a final dividend of 3.30 pence per share, giving a total dividend for the financial year of 4.90 pence (2018: 4.44 pence per share), an increase of 10.4% on the previous year.

Read more
Investment Tools Limited

Despite the underlying profit before tax being down year-on-year, the Board is proposing to increase the interim dividend by 0.05p (2.9%) to 1.80p, which is in line with our stated dividend policy of cover being between 1.5 and 2.0 times underlying earnings per share. 

Read more
Investment Tools Limited

PHP announces the payment of its fourth quarterly interim dividend in 2019 of 1.4 pence per ordinary share of 12.5 pence each (Ordinary Shares). The dividend will comprise a Property Income Distribution (PID) of 0.5 pence per share and an ordinary dividend of 0.9 pence per share. The Company will be offering a scrip alternative with this dividend.

Read more
Investment Tools Limited

The Board has declared an interim dividend of 7.8p (2018: 17.9p), which will be payable on 22 November 2019 to shareholders on the register at the close of business on 11 October 2019.

Read more
Investment Tools Limited

The interim dividend has been set at 2.65 pence per ordinary share, an increase of 58.7% year-on-year. The interim dividend was approved by the Board of Directors on 1 October 2019. As previously announced, they anticipate a split of broadly one-third to two-thirds between the interim and final dividend and expect a full year dividend pay-out ratio of 50%.

Read more
More News