Week 1: Fortescue and BHP set to deliver bumper dividends
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Australian miners have received a huge boost over the past year as the price of iron ore, the nation’s biggest export, hit a record $US230 a tonne. Rio delivered a record dividend to investors recently following first-half profits of $US12.1 billion, more than double the $US 4.75 billion at the same time last year. Will the other miners follow suit? Brad Potter, Head of Australian Equity at Nikko Asset Management, shares his view.
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