Rio Tinto shrugs off slow­down to pay divi

The Daily Telegraph - Business - - Business -

Min­ing gi­ant Rio Tinto has boosted its div­i­dend, de­spite tak­ing a 4pc hit to its re­ported un­der­ly­ing earn­ings dur­ing the first half. Strength­en­ing iron ore prices helped off­set the im­pact of the virus on Rio’s cop­per and alu­minium pro­duc­tion. The FTSE 100 group will pay out $2.5bn (£1.9bn) in or­di­nary in­terim div­i­dends to in­vestors, a 3pc in­crease on last year’s pay­out.

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