Miners soar as new dividend heroes on ASX

Original article by William McInnes
The Australian Financial Review – Page: 29 : 30-May-19

Australia’s three major iron ore producers are widely tipped to continue to return excess cash to shareholders via dividends or share buybacks. The surging price of the steel input has bolstered the balance sheets of BHP, Rio Tinto and Fortescue Metals Group, and Michael Slack of Martin Currie says cash flows appear to be at or near their peak. However, he adds that the miners will eventually need to begin reinvesting in their businesses.

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BHP GROUP LIMITED – ASX BHPRIO TINTO LIMITED – ASX RIOFORTESCUE METALS GROUP LIMITED – ASX FMGMARTIN CURRIE INVESTMENT MANAGEMENT LIMITEDEPOCH INVESTMENT PARTNERS INCORPORATEDVALE SA