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Rio Tinto hands out record dividend as profits boom

Special dividend to come as free cash doubles on 2020 as copper, aluminium and iron ore prices send earnings soaring
Rio Tinto hands out record dividend as profits boom
  • Commodity prices drive a doubling in Rio Tinto’s profit to $30.8bn
  • Payout ratio hits 79 per cent of underlying earnings with 417¢ final dividend 

A bruising recent few months that left Rio Tinto (RIO) faced with yet more challenges, including fixing a toxic internal environment and rescuing the cancelled Jadar lithium project in Serbia, has still ended with record profits and dividends, thanks to the strength of global commodities prices. 

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