Rio's sugar hits won't last

SUGAR hits in the form of oversized cash returns to shareholders (dividends, special dividends and buybacks) have become de rigueur for Rio Tinto, writes Barry FitzGerald.

Rio's sugar hits won't last Rio's sugar hits won't last Rio's sugar hits won't last Rio's sugar hits won't last Rio's sugar hits won't last

Rio shareholders have developed a taste for sugar

A repaired balance sheet, constrained growth ambitions, commodity price improvements, and huge proceeds from widespread portfolio "optimisation'' have made it all possible.

 

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