Rio Tinto raises annual dividend on higher profit

The world’s second-biggest mining firm, Rio Tinto, has raised its dividend after higher iron ore prices and cost-cutting helped return it to profit.

The London-based company is increasing its annual payout to shareholders by 15% to $1.92 per share, beating analyst estimates for $1.81 per share.

Read more at: http://www.bbc.co.uk/news/business-26166915

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