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Rio Tinto cuts payout amid "challenging environment"

Interim dividend is second-highest ever but payout ratio is well below expectations at 50 per cent of free cash flow
July 27, 2022
  • Cash profits down after iron ore prices came back from historic highs
  • Management underlines "discipline" and long-term metals demand drivers

The music is off and the lights are on for the mining sector’s most recent bull market party. In Rio Tinto’s (RIO) interim results, covering the six months to 30 June, profits were down on the record levels of last year while the interim dividend missed analyst expectations. 

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