AUS
NZ
UK
CA
USA
IND
Rio Tinto Limited (ASX:RIO) is in the business of finding, exploring, mining and processing of mineral resources primarily in North America and Australia. Rioâs share prices increased by 3.077% on 20 September 2018 after the company disclosed the details of how it is planning to return approximately $3.2 billion of post-tax coal deposit proceeds to its shareholders. These proceeds were derived from the sales of Hail Creek and Valeria, Kestrel and Winchester South. The sale of Aluminum Dunkerque smelter in northern France is yet to be completed and Norwayâs Hydro has canceled the plans to buy its ISAL smelter in Iceland. The company is planning to conduct an off-market share buyback worth about A$2.7 billion ($1.9 billion) and further on market purchases of Rio Tinto plc shares. This return of $3.2 billion proceeds to its shareholders demonstrates companyâs commitment to capital discipline. The timings and form of shareholder return in respect of further proceeding are going to be announced with 2018 full year results. The participation in the Buy-back is not compulsory for the shareholders.          [optin-monster-shortcode id="wxhmli4jjedneglg1trq"]
In the first half of FY 2018 Rio delivered $0.3 billion free cash flow from productivity. The company is reshaping the portfolio by divestments of $5 billion. The companyâs EBITDA was $9.2 billion in the first half of FY2018. Companyâs total cash returns to shareholders are $7.2 billion which includes interim results of $3.2 billion and disposable proceeds of $4 billion. The gross debt of the company has been reduced by $2.1 billion in 1H 2018. The net earnings of the company were US$4,380 million in 1H 2018
The share prices traded at $77.720 at a market capitalization of $$31.1 Bn as of 20 September 2018(AEST 2:06 PM).
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a companyâs prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkineâs team of analysts bought you handpicked report for âTop 25 Dividend Stocks For 2018.â
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
Disclaimer
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
Â
