Rio Tinto Limited
(ASX:RIO) says it will continue with delivering progressive dividends despite some concerns over the policy.
The miner's chief executive officer Sam Walsh told media that most of Rio Tinto's shareholders were in favour of increased dividends each year, regardless of earnings results.
Critics of progressive dividends argue excess cash flow can spur companies into bad acquisitions of inflated assets.
However Mr Walsh says there are no mergers on the cards at present.
Rio Tinto delivered a net profit of $1.8 billion in the first half of fiscal 2013.
