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Rio declares huge dividend as iron ore strength continues

Rio Tinto has reported a better-than-expected half-year profit and rewarded its shareholders with a big dividend.

Rio declares huge dividend as iron ore strength continues Rio declares huge dividend as iron ore strength continues Rio declares huge dividend as iron ore strength continues Rio declares huge dividend as iron ore strength continues Rio declares huge dividend as iron ore strength continues

Rio CEO Jakob Stausholm

The record iron ore price saw Rio's operating net cashflow jump 143% to US$13.66 billion for the six months to June 30.

Free cashflow jumped 262% to a record $10.2 billion.