The era of big mining dividend paydays is coming to an end – for now
Alex GluyasMarkets reporter
Investors should prepare for lower dividends from some of the most widely owned mining stocks amid wild swings in commodity prices and as companies prepare for higher capital expenditure, according to Morgan Stanley.
While shareholder payouts from iron ore miners proved resilient in the last six months – with Rio Tinto, BHP and Fortescue Metals all beating expectations – iron ore prices have sunk more than 20 per cent since January, hitting a 10-month low of $US96.70 a tonne this week.
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