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Rio Tinto paying out after turbulent half

Shareholders getting a $1.55 dividend as payout ratio drops from 70 per cent last year to 53 per cent this year
July 29, 2020

The major miners have cruised through Covid-19 so far thanks to the iron ore price, which quickly recovered after tumbling at the end of January. Now Rio Tinto (RIO) will hand shareholders $2.5bn (£1.9bn), or $1.55 per share, in its interim dividend. Last year, after another strong period for iron ore, it paid out $1.51 plus a 61¢ special dividend. 

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