Bullboard - Stock Discussion Forum Rio Tinto ADR Reptg One Ord Shs RIO

Alternate Symbol(s): RTNTF | RTPPF

Metals & Mining Industrial Metals & Minerals

Rio Tinto plc is a United Kingdom-based mining and metals company. It operates in 35 countries and its portfolio includes iron ore, copper, aluminum and a range of other minerals and materials. Its segments include Iron Ore, Aluminum, Copper, and Minerals. Iron Ore segment includes iron ore mining and salt and gypsum production in Western Australia. Its iron ore operations in the Pilbara... see more

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Rio Tinto ADR Reptg One Ord Shs > With interest rate coming down in September

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Post by ecolo101 on Aug 24, 2024 8:56am

With interest rate coming down in September

A 6.9% yearly dividend at current stock price of 63.03 is an attractive entry point. Dividends are paid twice a year for a total of 4.35 per share.

I would think that we could also see the stock price to grow with time versus interest rate progressive reduction. This 6.9% will then be reduced on a percentage basis if it remains at $4.35 per year.

at one point strong companies with strong dividend will be rewarded.....

dyodd
glta

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