SYDNEY (AFX-ASIA) – The US dollar’s weakness is degrading the value of dividends paid by BHP Billiton and Rio Tinto to their Australian and UK shareholders, Salomon Smith Barney said. The two miners declare dividends in US dollars, but pay them to Australian and UK shareholders in the local currency. While both are expected to…
AUSTRALIA: US dollar weakness degrades dividends of BHP Billiton, Rio Tinto Ð SSB
Posted on January 31, 2003 by EnergyAsia