Rio Tinto PLC (RIO) to Issue Dividend of $2.54 on April 16th

Rio Tinto PLC (NYSE:RIO) announced a dividend on Thursday, February 19th. Investors of record on Friday, March 6th will be paid a dividend of 2.54 per share by the mining company on Thursday, April 16th. This represents a yield of 527.0%. The ex-dividend date is Friday, March 6th.

Rio Tinto has decreased its dividend by an average of 0.0%annually over the last three years. Rio Tinto has a payout ratio of 81.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Rio Tinto to earn $6.73 per share next year, which means the company should continue to be able to cover its $5.04 annual dividend with an expected future payout ratio of 74.9%.

Rio Tinto Price Performance

Shares of Rio Tinto stock opened at $95.26 on Wednesday. Rio Tinto has a 52-week low of $51.67 and a 52-week high of $101.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.98 and a current ratio of 1.44. The stock’s 50-day simple moving average is $90.52 and its 200 day simple moving average is $76.14.

Rio Tinto Company Profile

Rio Tinto is a global mining and metals company that explores for, mines, processes and markets a wide range of commodities. Its principal products include iron ore, aluminum, copper, diamonds and various other minerals and industrial materials. The company’s activities span the full value chain from exploration and project development to mining, processing, smelting and refining, supplying raw materials to industries such as steelmaking, automotive, packaging, electronics and construction.

The origins of Rio Tinto date back to mining operations in the Rio Tinto region of Spain in the 19th century, and the group has since grown into a multinational enterprise.