Investors win from BHP, Rio cash surge

Original article by James Thomson
The Australian Financial Review – Page: 40 : 18-Feb-19

BHP returned $US10.5bn to investors in 2018, while Rio Tinto returned some $US12.5bn. Both resources groups are expected to have large cash balances when their latest financial results are released in the next week or so, and the recent rally in the iron ore price will further boost their cash holdings during 2019. James Eginton of the Tribeca Natural Resource Fund says BHP and Rio Tinto should consider using some of their franking credits via special dividends in the next six months, in preparation for a possible change of federal government.

CORPORATES
BHP GROUP LIMITED – ASX BHP, RIO TINTO LIMITED – ASX RIO, TRIBECA NATURAL RESOURCES FUND, FORTESCUE METALS GROUP LIMITED – ASX FMG, CITIGROUP PTY LTD, UBS HOLDINGS PTY LTD, VALE SA, AUSTRALIAN LABOR PARTY

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