Rio Tinto
(ASX:RIO) has declared a record full-year dividend of US$5.2 billion at US$2.90 per share, bringing the company’s final dividend to US$3.2 billion at US$1.80 per share.
The miner also announced an additional share buy-back of US$1 billion to be completed this year, which brings the total of cash returns to shareholders to $9.7 billion.
Rio reports a 44 per cent growth in full year EBITDA of US$18.6 billion for the financial year.
Generated net cash from operating activities is US$13.9 billion, 64 per cent higher than 2016, and free cash flow is at US$9.5 billion.
The company’s net earnings is at US$8.8 billion, and consolidated sales revenues is US$40 billion, which is US$6.2 billion higher than 2016.
Shares in Rio Tinto
(ASX:RIO) closed 3.82 per cent higher yesterday at $78.31.
