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 thisHi. 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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!