Rio Tinto added to European Focus List at JPMorgan JPMorgan added Rio Tinto to its European Analyst Focus List after upgrading the European Metals & Mining sector to Overweight from Underweight. The firm expects Rio will see free cash improvement in the second half of 2014 and keeps an Overweight rating on the stock.
Rio 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.