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Rio Tinto - Notice of dividend currency exchange rates

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idpickering
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Rio Tinto - Notice of dividend currency exchange rates

#402790

Postby idpickering » April 9th, 2021, 7:10 am

On 17 February 2021, Rio Tinto announced a final dividend of 309.00 US cents per share and a special dividend of 93.00 US cents per share for the full year ending 31 December 2020, with Rio Tinto Limited shareholders to be paid:

· a final dividend of 397.48 Australian cents per ordinary share; and

· a special dividend of 119.63 Australian cents per ordinary share;

and Rio Tinto plc shareholders to be paid:

· a final dividend of 221.86 British pence per ordinary share; and

· a special dividend of 66.77 British pence per ordinary share.

American Depositary Receipt (ADR) holders will receive the dividends in US dollars as announced on 17 February 2021.

The currency exchange rates which apply to Rio Tinto Limited shareholders who elect to receive the final and special dividend in pounds sterling and Rio Tinto plc shareholders who elect to receive the final and special dividend in Australian dollars are the currency exchange rates applicable on 8 April 2021, being five business days prior to the dividend payment date.

This announcement confirms the currency exchange rates applicable for the 2020 final and special dividends for shareholders who have made a currency election:


The final and special dividends will be paid to shareholders of Rio Tinto Limited and Rio Tinto plc and to ADR holders on 15 April 2021.

https://www.investegate.co.uk/rio-tinto ... 00049086U/

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Re: Rio Tinto - Notice of dividend currency exchange rates

#402985

Postby tjh290633 » April 9th, 2021, 6:44 pm

Note these rates are for holders of RIO Tinto plc, who have elected to be paid in Australian Dollars. The originally stated rates for GBp still stand.

TJH

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Re: Rio Tinto - Notice of dividend currency exchange rates

#402991

Postby csearle » April 9th, 2021, 7:20 pm

tjh290633 wrote:Note these rates are for holders of RIO Tinto plc, who have elected to be paid in Australian Dollars. The originally stated rates for GBp still stand.
Oh right Terry!

I had put down the figures from Itsallaguess's table...
RIO	Rio Tinto	FTSE 100	288.63p	04-Mar	15-Apr


...then corrected them as per Ian's initial post here. So I need to change my spreadsheet back again dya reckon?

Chris

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Re: Rio Tinto - Notice of dividend currency exchange rates

#402997

Postby idpickering » April 9th, 2021, 7:46 pm

csearle wrote:
tjh290633 wrote:Note these rates are for holders of RIO Tinto plc, who have elected to be paid in Australian Dollars. The originally stated rates for GBp still stand.
Oh right Terry!

I had put down the figures from Itsallaguess's table...
RIO	Rio Tinto	FTSE 100	288.63p	04-Mar	15-Apr


...then corrected them as per Ian's initial post here. So I need to change my spreadsheet back again dya reckon?

Chris


Sorry if I caused any confusion. I should’ve just posted the sterling figure.

Ian.

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Re: Rio Tinto - Notice of dividend currency exchange rates

#403000

Postby csearle » April 9th, 2021, 7:52 pm

idpickering wrote:
csearle wrote:
tjh290633 wrote:Note these rates are for holders of RIO Tinto plc, who have elected to be paid in Australian Dollars. The originally stated rates for GBp still stand.
Oh right Terry!

I had put down the figures from Itsallaguess's table...
RIO	Rio Tinto	FTSE 100	288.63p	04-Mar	15-Apr


...then corrected them as per Ian's initial post here. So I need to change my spreadsheet back again dya reckon?

Chris


Sorry if I caused any confusion. I should’ve just posted the sterling figure.
That's ok Ian. It certainly was confusing. I thought I'd got the wrong figures. The thing you cited was also Sterling but I suppose it was the dollar figure exchanged at a different rate maybe? Anyway I'm surprised at the large difference between the two. Maybe I have just misunderstood. Feeling a bit thick tonight. C.

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Re: Rio Tinto - Notice of dividend currency exchange rates

#403006

Postby Darka » April 9th, 2021, 8:32 pm

Just for clarification:

The total dividend in sterling (for UK shareholders) is: 288.63p

Which is made up of the dividend (221.86) + the special (66.77)

Dividend Data combine the two into a single payment (which they call Final-Special):
https://www.dividenddata.co.uk/ex-divid ... chTerm=rio

regards,
Darka

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Re: Rio Tinto - Notice of dividend currency exchange rates

#403043

Postby tjh290633 » April 9th, 2021, 10:29 pm

I can see where the confusion arose. Ian didn't actually quote the rates for those who had made the election, which was further down in the post:

Declared 2020 final and special   Exchange      Final and special dividends per     
dividends rate share/per ADR following currency
election
Final dividend of 397.48 0.55627 Final dividend of 221.10 British
Australian cents pence
--------- --------------------------------------
Special dividend of 119.63 Special dividend of 66.55 British
Australian cents pence
--------- --------------------------------------
Final dividend of 221.86 1.79770 Final dividend of 398.84 Australian
British pence cents
--------- --------------------------------------
Special dividend of 66.77 Special dividend of 120.03 Australian
British pence cents
--------- --------------------------------------

So really it was me who caused the confusion.

TJH

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Re: Rio Tinto - Notice of dividend currency exchange rates

#403078

Postby idpickering » April 10th, 2021, 3:58 am

tjh290633 wrote:I can see where the confusion arose. Ian didn't actually quote the rates for those who had made the election, which was further down in the post:

Declared 2020 final and special   Exchange      Final and special dividends per     
dividends rate share/per ADR following currency
election
Final dividend of 397.48 0.55627 Final dividend of 221.10 British
Australian cents pence
--------- --------------------------------------
Special dividend of 119.63 Special dividend of 66.55 British
Australian cents pence
--------- --------------------------------------
Final dividend of 221.86 1.79770 Final dividend of 398.84 Australian
British pence cents
--------- --------------------------------------
Special dividend of 66.77 Special dividend of 120.03 Australian
British pence cents
--------- --------------------------------------

So really it was me who caused the confusion.

TJH


Thanks for that Terry. I feel better now. I did think my op spoke for itself tbh.

Ian.


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