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Rio Tinto Declares Interim Ordinary Dividend of $2.5 billion

Mining News - Published on Thu, 30 Jul 2020

Image Source: Rio Tinto
Rio Tinto Chief Executive J-S Jacques said “We have been agile and adapted our way of working, to deliver another resilient performance while navigating the new and ongoing challenges of dealing with COVID-19. Despite the challenging backdrop, we generated underlying EBITDA of $9.6 billion, with a margin of 47%, driven by our strong and stable operations, with all of our assets continuing to operate throughout the first half. As a result, we have declared an interim dividend of $2.5 billion, equivalent to 155 US cents per share, and have reconfirmed our 2020 production guidance across all commodities. Our world-class portfolio of high-quality assets and our strong balance sheet consistently serve us well in all market conditions and particularly in turbulent times. This, together with our disciplined capital allocation, underpins our ability to sustain production, increase our investment in the business, pay taxes and royalties to governments and continue delivering superior returns to shareholders.”

Six months ended 30 June20202019Change
Net cash generated from operating activities (US$ millions)5,6286,389-12%
Capital expenditure(US$ millions)2,6932,39113%
Free cash flow(US$ millions)2,8093,879-28%
Underlying EBITDA(US$ millions)9,64010,250-6%
Underlying earnings(US$ millions)4,7504,932-4%
Net earnings (US$ millions)3,3164,130-20%

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Posted By : Yogender Pancholi on Thu, 30 Jul 2020
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