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Stock Market & Financial Investment News

News Breaks
February 13, 2014
06:26 EDTRIORio Tinto raises full year dividend 15% to 192c
Rio Tinto announced a 15% increase in its full year dividend to 192c per share. The company said, "These strong results reflect the progress we are making to transform our business and demonstrate how we are fulfilling our commitments to improve performance, strengthen the balance sheet and deliver greater value for shareholders. We have achieved underlying earnings of $10.2 billion, exceeded our cost reduction targets and set production records. In turn, this has enhanced our cash flow generation and lowered net debt. The 15 per cent increase in our dividend reflects our confidence in the business and its attractive prospects."
News For RIO From The Last 14 Days
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February 11, 2016
07:20 EDTRIORio Tinto CEO sees mining pressure extending to majors, Bloomberg says
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05:53 EDTRIORio Tinto halts progressive dividend policy due to market uncertainty
With the continuing uncertain market outlook, the board believes that maintaining the current progressive dividend policy would constrain the business and act against shareholders' long-term interests. The company is therefore replacing the progressive dividend policy with a more flexible approach that will allow the distribution of returns reflect better the company's position and outlook. For 2016, Rio Tinto intends that the full year dividend will not be less than $1.10 per share.
05:52 EDTRIORio Tinto to cut operating costs by further $1B in 2016 followed by $1B in 2017
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February 4, 2016
11:21 EDTRIOOptions with increasing call volume; FMC HST XME RIO BHP PAY DNDK BSX ALLY SWFT

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