Despite COVID-19 uncertainties, Rio reported strong 2020 results. Unsurprisingly, the performance was again driven by iron ore – which reported a c.60% operating margin. Although some support was also rendered by aluminium. This helped in maintaining attractive dividends and the continuation of deleveraging. While we still expect iron ore prices to normalise gradually, Rio should remain well-positioned to outperform peers in dividend terms, thanks to flexibility rendered by its fossil-free propo ....
18 Feb 2021
Iron ore ‘again’ added weight to dividend-paying capability
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Iron ore ‘again’ added weight to dividend-paying capability
Rio Tinto plc (RIO:LON) | 5,383 484.5 0.2% | Mkt Cap: 67,422m
- Published:
18 Feb 2021 -
Author:
Varun Sikka -
Pages:
4
Despite COVID-19 uncertainties, Rio reported strong 2020 results. Unsurprisingly, the performance was again driven by iron ore – which reported a c.60% operating margin. Although some support was also rendered by aluminium. This helped in maintaining attractive dividends and the continuation of deleveraging. While we still expect iron ore prices to normalise gradually, Rio should remain well-positioned to outperform peers in dividend terms, thanks to flexibility rendered by its fossil-free propo ....