Rio Tinto has dividend cut in its sights
Amanda SaundersResources Reporter
Rio Tinto is expected to slash its $US4.1 billion ($5.8 billion) annual dividend payout as early as August.
Investors expect the mining giant to announce at its full-year results this Thursday that it is putting its so-called progressive dividend policy under review. The policy provides that the annual dividend does not go backwards in US dollar terms.
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Amanda Saunders is based in Melbourne and writes on business, mining and iron ore. Connect with Amanda on Twitter. Email Amanda at amanda.saunders@afr.com.au
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