Hi. Can someone please help me in finding the answer to this question? Thank you...

90.2K

Verified Solution

Question

Finance

imageHi. Can someone please help me in finding the answer to this question? Thank you in advance.

Question 5 (2 marks) In 2020, Rio Tinto announced its half-year after tax income of $3.32 billion which reduced by 20% than the same period in 2019. Despite the decrease in after tax income, Rio Tinto announced a 3% increase in its interim dividend and paid a dividend of $1.55 per share in September 2020. With another special dividend of $1.5 billion, its total 2020 dividend payout was about $9 billion, which was the largest in the company's history. Is the increase in the dividend payment good news or bad news for Rio Tinto shareholders? Why

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students