Western Copper and Gold Corp T.WRN

Rio Tinto dig ups monster dividend

[Pinegrove]

Could shell out a few billion for WRN without even noticing it!!

https://www.thetimes.co.uk/article/rio-tinto-dig-ups-monster-dividend-ng9j0bpxm#:~:text=Mining%20giant%20revels%20in%20iron%20ore%20bonanza%20after%20caves%20scandal%20and%20abuse%20inquiry&text=Scandal%2Dstricken%20mining%20giant%20Rio,%C2%A312.1%20billion)%20to%20shareholders.

Scandal-stricken mining giant Rio Tinto will unveil one of the largest ever annual dividends in UK corporate history this week as it hands about $16.5 billion (£12.1 billion) to shareholders.

[Arrowhead77]

should reserve $1.7B++ to acquire WRN

[Sooner]

A great dividend is nice...but if Rio doesn't start investing in building pipeline of future resources....I do believe this is going to be called out by analysts accordingly. I would think a company like Rio has enough smart people to understand they will be judged accordingly....and just giving so much money back to shareholders---who then have to pay taxes on said dividends---actually might

[Arrowhead77]

Sooner et.al A good article out today on RIO (Seeking Alpha) GLTA

[Heywood_Silvers]

Sooner, what IS the primary purpose of a company?  It is to generate profits for the owners.  Who are the owners of a company?  The shareholders are.  I get so sick and tired of companies growing for growth's sake and never giving anything of substance back to the owners. Who gets rich of the companies growing?  The executives and the employees, that's who!! All

[Sooner]

True - if they have indeed addressed securing future resources for the next 20-50 years with appropriate expansion of current mines thru add'l drilling -or- thru M & A. If they have not...I'm simply suggesting rather than returning $10+B to shareholders....it would be prudent to ensure that's getting addressed. I would also think lots of other ways they could use some of the

[MetalMinded]

Perhaps the dividend amount accounts for retaining money for such M&A projects.  

[jclarke042]

And making sure current investors are taken care of before embarking on new projects. But that's probably just crazy talk, amirite??

[GardenManman]

no idea, but if there is a takeover deal june, such as $1.5B, the deal need approval by government, that means maybe the deal finished at October? From now to October, Rio is a running cash machine, so there is no problem to afford these figures, and also they can issue new shares for casino capex, so, no worry from Rio.

[AZlivin]

I agree, Sooner. If I'm relying on dividends for income I'd rather see stability on an annual basis. If there's excess at the end of the year, then send out a special one-time dividend in addition to the quarterly. But would not want to see such fluctuation year-to-year.

[Heywood_Silvers]

Correct me if I am wrong, but doesn't RIO have a basic annual dividend and then a special dividend based upon profits for the year?  This would be akin to a salary and a bonus if you are an employee of a company. The special dividend will of course fluctuate, the annual dividend shoud be steady Eddie and slowly grow, but at a minimum stay stable.  Nothing is worse for a company than

[Sooner]

Yeah - we are just spitballing stuff - not that it matters since I'm not Rio shareholder either....but is all I'm saying is if I was...I'd much rather they do a share buyback rather than put all that on my taxes...but hey maybe one day I'll be able to complain about having to put $200k dividends on my taxes! If that's all I have to complain about ...I'll learn to live

[Sooner]

added 10k shares today --- Roth IRA. Hopefully will turn into a beautiful thing with large future tax free dividends hitting Roth IRA !!!!