BHP Billiton, Rio Tinto, Other Miners Poised To Boost Dividends

Mining giants BHP Billiton (BHP) and Rio Tinto (RIO) are likely to boost capital returns to shareholders over the next two-plus years, Jefferies said in a note on Monday, adding that demand has firmed up and supply has tightened across much of the industry.

Australia-based iron ore miner BHP Billiton, which Jefferies upgraded to buy in part due to its valuation, jumped 4.5% to 33.07 in the stock market today. Shares broke out last week and remain in buy range.

Jefferies said that valuations...

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