Apart from extraordinary commodity price tailwinds in 2017, Rio’s cash position also benefited from hefty asset disposals. As a result, net debt slumped to highly comfortable levels, and record dividends and share buy-backs were announced. However, given that iron ore and coal (where an oversupply threat remains) accounted for a disproportionate share of earnings improvements, and copper assets are still failing to attain normalcy, Rio’s profitability and, hence, shareholder rewar
13 Feb 2018
2017: the year of super-normal shareholder rewards
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2017: the year of super-normal shareholder rewards
Rio Tinto plc (RIO:LON) | 5,384 -3823 (-1.3%) | Mkt Cap: 67,441m
- Published:
13 Feb 2018 -
Author:
Varun Sikka -
Pages:
4
Apart from extraordinary commodity price tailwinds in 2017, Rio’s cash position also benefited from hefty asset disposals. As a result, net debt slumped to highly comfortable levels, and record dividends and share buy-backs were announced. However, given that iron ore and coal (where an oversupply threat remains) accounted for a disproportionate share of earnings improvements, and copper assets are still failing to attain normalcy, Rio’s profitability and, hence, shareholder rewar