Rio Will Cut Dividend After Metals Rout Sees Profit Tumble
- Dividend policy scrapped, payout could fall by as much as half
- Underlying profit declines by 51%, 2015 dividend is unchanged
Walsh Sees a Tough 2016 For Rio Tinto, Worse Than 2015
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Rio Tinto Group plans to cut its dividend by as much as half to strengthen its finances after a rout in commodity prices reduced annual profit at the world’s second-biggest mining company by 51 percent.