Question: Hi. Can someone please help me in finding the answer to this question? Thank you in advance. Question 5 (2 marks) In 2020, Rio Tinto
Hi. Can someone please help me in finding the answer to this question? Thank you in advance.
Question 5 (2 marks) In 2020, Rio Tinto announced its half-year after tax income of $3.32 billion which reduced by 20% than the same period in 2019. Despite the decrease in after tax income, Rio Tinto announced a 3% increase in its interim dividend and paid a dividend of $1.55 per share in September 2020. With another special dividend of $1.5 billion, its total 2020 dividend payout was about $9 billion, which was the largest in the company's history. Is the increase in the dividend payment good news or bad news for Rio Tinto shareholders? Why
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