RIO News: Rio Tinto halves dividend after commodity prices retreat - 22nd Feb 2023, 6:52pm

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Rio Tinto more than halved its annual dividend to reflect lower commodity prices but said it was “quietly confident” the outlook for the global economy had improved after China relaxed its Covid-19 restrictions. The world’s second-largest miner on Wednesday said it would pay a total dividend of $4.92 for 2022, 53 per cent lower than in 2021 when soaring prices for raw materials drove the company to a record profit. The reduced shareholder payout after a bumper 2021 follows similar...

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