Miners Rio, BHP fall as they trade ex-dividend after bumper payouts

Rectifier Technologies

04/03/2021 03:16

** ASX-listed shares of mining giants Rio Tinto  RIO.AX  and
BHP Group  BHP.AX  slide as they trade ex-dividend 
    ** Rio sheds as much as 6.1% to A$121.80 in biggest intraday
percentage decline since March 23, 2020
    ** BHP, meanwhile, falls 3.8% to A$48.960 in worst intraday
session since Jan. 27 
    ** Unprecedented prices and demand for iron ore have led the
miners to post bumper profits and declare hefty payouts 
    ** Last month, Rio reported its best annual earnings since
2011 and declared a record final dividend payout of $3.09 per
share, along with a special dividend payout of 93 cents a share
 urn:newsml:reuters.com:*:nL4N2KN1BA
    ** BHP reported its best HY profit in 7 years and declared a
record interim dividend of $1.01 per share  urn:newsml:reuters.com:*:nL1N2KL1KA
    ** Rio stock has a dividend yield of 6.8%, compared with
BHP's 5.6%



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Robust iron ore prices have sent Rio, BHP shares soaring    https://tmsnrt.rs/3bcPX6p
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 (Reporting by Shruti Sonal in Bengaluru)
 ((Shruti.Sonal@thomsonreuters.com;))