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Dividends | 12 Months Ended
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Dec. 31, 2024
Disclosure Of Dividends [Abstract] |
Dividends | 3 Dividends Our Directors have announced a final dividend of 225.0 cents per share on 19 February 2025. This is expected to result in payments of US$3,652 million. The dividend will be paid on 17 April 2025 to Rio Tinto plc and Rio Tinto Limited shareholders on the register at the close of business on 7 March 2025. Dividends per share announced for the year ended 31 December are as follows.
| 2024 US cents | 2023 US cents | 2022 US cents
Ordinary dividends per share: announced with the results for the year(a) | 225.0 | 258.0 | 225.0
(a)As announced on 26 July 2024, following changes to Rio Tinto Limited’s constitution approved by shareholders in 2024, we now declare and announce Rio Tinto plc and Rio Tinto Limited dividends in USD, our reporting currency. Historically, we have declared and announced these dividends in GBP and AUD, respectively. Dividends declared and announced in GBP and AUD for prior years can be found in note 3 to the Financial Statements in our 2023 Annual Report. Total dividends per share paid in the year
| 2024 US cents | 2023 US cents | 2022 US cents
Previous year final - paid during the year | 258.0 | 225.0 | 417.0
Previous year special - paid during the year | – | – | 62.0
Interim - paid during the year | 177.0 | 177.0 | 267.0
Total paid during the year | 435.0 | 402.0 | 746.0
The franking credits available to the Group as at 31 December 2024, after allowing for Australian tax payable in respect of the current and prior reporting period’s profit, are estimated to be US$9,177 million (2023: US$8,734 million; 2022: US$7,246 million). The proposed Rio Tinto Limited dividend will be fully franked based on a tax rate of 30%, and reduce the franking account balance by US$358 million. Reconciliation of dividend declared to dividend paid
| 2024 US$m | 2023 US$m | 2022 US$m
Rio Tinto plc previous year final dividend payable | 3,185 | 2,875 | 5,024
Rio Tinto plc previous year special dividend payable | – | – | 747
Rio Tinto plc interim dividend payable | 2,238 | 2,147 | 3,162
Rio Tinto Limited previous year final dividend payable | 936 | 815 | 1,597
Rio Tinto Limited previous year special dividend payable | – | – | 237
Rio Tinto Limited interim dividend payable | 666 | 629 | 949
Dividends payable during the year | 7,025 | 6,466 | 11,716
Net movement of unclaimed dividends in the year | – | 4 | 11
Dividends paid during the year(a) | 7,025 | 6,470 | 11,727
(a)Until April 2024. we economically hedged the dividend cash flows from the announcement date to the payment date in order to reduce our foreign exchange exposure on these cash flows. Following our policy change to declare dividends in US dollars, the period of currency exposure has shortened to the period from the date of final reinvestment and alternative currency elections and the payment. The realised impact of these hedges was shown within “Other items” in the Cash flows from consolidated operations and is not included in the above.

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- Definition The disclosure of dividends. Dividends are distributions of profits to holders of equity investments in proportion to their holdings of a particular class of capital. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
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