Original article by Amanda Saunders
The Australian Financial Review – Page: 13 : 14-Jul-15
The share prices of BHP Billiton and Rio Tinto have fallen sharply in the last 12 months, although they continue to offer strong dividend yields. However, institutional investors such as the Australian Foundation Investment Company and Argo Investments are not capitalising on the rising yield to increase their shareholdings. Michelle Lopez of Aberdeen Asset Management says a key issue for investors is whether BHP can sustain its progressive dividend policy.
CORPORATES
BHP BILLITON LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED – ASX AFI, ARGO INVESTMENTS LIMITED – ASX ARG, ABERDEEN ASSET MANAGEMENT LIMITED, CITIGROUP PTY LTD