Rio Tinto: decides on new share repurchases.
(CercleFinance.com) - The Anglo-Australian group Rio Tinto has said that it is adding 2.
5 billion dollars to its share repurchase program, so as to redistribute the proceeds from the sale of its Coal & Allied business to its shareholders.
This announcement brings share repurchases decided on by the mining company to 4 billion dollars in 2017, as it comes in addition to the 500 million dollars that were announced on 8 February, followed by the 1 billion dollars announced on 2 August.
"This year we have decided to redistribute 8.2 billion dollars in cash shares to shareholders, including 4.2 billion dollars in dividends and 4 billion dollars from share repurchases," said CEO Jean-Sébastien Jacques.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
5 billion dollars to its share repurchase program, so as to redistribute the proceeds from the sale of its Coal & Allied business to its shareholders.
This announcement brings share repurchases decided on by the mining company to 4 billion dollars in 2017, as it comes in addition to the 500 million dollars that were announced on 8 February, followed by the 1 billion dollars announced on 2 August.
"This year we have decided to redistribute 8.2 billion dollars in cash shares to shareholders, including 4.2 billion dollars in dividends and 4 billion dollars from share repurchases," said CEO Jean-Sébastien Jacques.
Copyright (c) 2017 CercleFinance.com. All rights reserved.