Rio Tinto Ltd. $RIO (-0,51 %) has reduced its dividend for the past year. 📉 The reason for this is the lower iron ore prices, which reduced the adjusted profit by 7.6 percent to 10.9 billion dollars. Despite a net profit of 11.5 billion dollars, up 15 percent, shareholders now have to live with a final dividend of 2.25 dollars per share. That is a total of 4.02 dollars for the year - a fall from 4.35 dollars in the previous year.
How about it, are dividends a decisive factor for you when selecting shares? 🤔 Or do you look more at the growth potential? Rio Tinto shows that even large companies can be affected by market fluctuations.
What do you think? Is the dividend cut a reason to sell the share or are you staying calm? Let's discuss it!
