Rio flags more special dividends after breaking 13-year drought
Brad ThompsonUpdated Mar 5, 2019 — 5.16pm,first published at 4.25pm
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Mining giant Rio Tinto has flagged paying more special dividends as the impact of buybacks on its biggest shareholder continues to shape capital management plans for the year ahead.Chief executive Jean-Sebastien Jacques said on Tuesday that special dividends were on the table as Rio looked to continue a strategy of returning cash to investors.More special dividends are one option for Rio as it keeps a close eye on how buybacks affect Chinese entity Chinalco's deal with the federal government not to increase its stake in the mining company to more than 15 per cent.
RIO Price at posting:
$95.61 Sentiment: None Disclosure: Held
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