Morningstar expects Rio Tinto's annual payout to rise
29/07/2026 22:17
BUZZ-Morningstar expects Rio Tinto's annual payout to rise ** Morningstar analysts expect Rio Tinto's RIO.AX annual payout to be 55%, but could be even higher as the balance sheet remains strong
** Anglo-Australian miner posted a 43% jump in interim underlying earnings to $6.85 billion on Wednesday, broadly in line with the Visible Alpha consensus estimate
** Company declares interim dividend of $2.11 per share, its highest in four years
** Morningstar expects Rio to grow volumes in all three of its major commodities — iron ore, copper and aluminium — over the five-year forecast period to 2030
** Seven out of 16 analysts rate the stock "buy" or higher, seven "hold" and two "sell"; median price target at A$174.00 - LSEG data
** Shares up 12.7% YTD
(Reporting by Keshav Singh Chundawat in Bengaluru)
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