Rio Tinto plc
For dividend history and calculator and shared dividend reinvestment plan

Rio Tinto Limited
For dividend history and share dividend reinvestment plan

Rio Tinto ADRs
For dividend history

Latest Dividend

On 1 August 2018 the Board of Rio Tinto declared a dividend of 127 US cents per share, payable on 20 September 2018 to all shareholders registered as at 10 August 2018. Based on exchange rates on 31 July 2018, Rio Tinto plc shareholders will receive 96.82 pence per share and Rio Tinto Limited shareholders will receive 170.84 Australian cents per share. The applicable exchange rate for shareholders electing to receive their dividends in an alternative currency, and the dividend payable in respect of Rio Tinto plc American Depositary Receipts, will be determined on 13 September 2018, five working days prior to the dividend payment date.

This information corrects the dividend information provided in the 2018 Interim Results announcement, which stated that the exchange rates used to determine the Rio Tinto plc dividend of 96.82 pence per share and Rio Tinto Limited dividend of 170.84 Australian cents per share would be determined on 13 September 2018.

Dividend policy

At the end of each financial period, the board will determine an appropriate total level of ordinary dividend per share, taking into account the results for the financial year, the outlook for our major commodities, the board’s view of the long-term growth prospects of the business and the Company’s objective of maintaining a strong balance sheet. The intention is that the balance between the interim and final dividend is weighted to the final dividend.

The board expects total cash returns to shareholders over the longer term to be in a range of 40 to 60 per cent of underlying earnings in aggregate through the cycle.

The board is committed to maintaining an appropriate balance between cash returns to shareholders and investment in the business, with the intention of maximising shareholder value.

Acknowledging the cyclical nature of the industry, in periods of strong earnings and cash generation, it is the board’s intention to supplement the ordinary dividends with additional returns to shareholders.

Dividend determination

The majority of our sales are transacted in US dollars, making this the most appropriate measure for our global business performance. It is our main reporting currency and consequently the natural currency for dividend determination. Dividends determined in US dollars are translated at exchange rates prevailing one day prior to the declaration and payable in sterling by Rio Tinto plc and in Australian dollars by Rio Tinto Limited.

On request, shareholders of Rio Tinto plc can elect to receive dividends in Australian dollars, and Rio Tinto Limited shareholders can elect to receive dividends in sterling. If such an election is made, the dividend amounts received will be calculated by converting the declared dividend using the exchange rates applicable to sterling and Australian dollars five days prior to the dividend payment date.

Holders of American Depositary Shares are paid dividends in US dollars. Such dividends are converted from sterling by reference to the exchange rate applicable five days prior to the payment date.

Dividend mandates

Registered shareholders may elect to have cash dividends paid directly into any bank, building society or credit union account.

Dividends and taxation – Rio Tinto Limited Dividend imputation system

The basis of the Australian dividend imputation system is that when Australian resident shareholders receive dividends from Rio Tinto Limited, they may be entitled to a credit for the tax paid by the Company in respect of that income, depending on the tax status of the shareholder. The application of the system results in the tax paid by the Company being allocated to shareholders by way of imputation credits attaching to the dividends they receive. Such dividends are known are franked dividends. A dividend may be partly or fully franked. Any imputation credits attached to the dividend are shown in the Dividend Statement provided to shareholders.

Since 1988, all Rio Tinto Limited dividends have been fully franked.