When was Rio Tinto Group's most recent ex-dividend date? Optimistic: $62.23, An uptrend is forecast for this month with an optimal target price of $62.1349. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Jon Smith explains why the old investing adage doesn't apply for passive income investors wanting to build long-term wealth. Learn More. Is United Airlines Playing a Game of Limbo with Its Guidance? Try Premium The value of stocks, shares and any dividend income may fall as well as rise and is not guaranteed, so you may get back less than you invested. Our latest articles and strategies for the post-work life you want. That's almost twice the previous record dividend and it gives Rio Tinto (NYSE: RIO) a dividend yield of almost 17% at its current share price of $62. The Motley Fool Australia has no position in any of the stocks mentioned. The board expects total cash returns to shareholders over the longer term to be in a range of 40 to 60 per cent of underlying earnings in aggregate through the cycle. FTSE 100: Rio Tinto halves dividend as profits plunge Sign Up for Take Stock The intention is that the balance between the interim and final dividend is weighted to the final dividend. Rio Tinto Ltd Stock Forecast, Predictions & Price Target - WallStreetZen Cliff D'Arcy, Barclays shares have soared since hitting their 2023 low on 20 March. We respectfully acknowledge the Traditional Custodians of the land where we live and work and pay our respects to all Elders, past and present, of all Aboriginal and Torres Strait Islander nations. No content should be relied upon as constituting personal advice or a personal recommendation, when making your decisions. Forecasts Financials Shareholders Competitors Stock Price Forecast The 4 analysts offering 12-month price forecasts for Rio Tinto PLC have a median target of 82.85, with a high estimate of. Nevertheless, this still means a very attractive 8% dividend yield. We accept no liability whatsoever for any decision made or action taken or not taken. Rio Tinto hands out record dividend as profits boom As of today (2023-04-29), the Trailing Annual Dividend Yield of Rio Tinto is 7.69%. We expect net debt to remain at around USD5.5 billion-USD6.5 billion until 2023 and FFO gross leverage at below 1.0x. The $US21.4 billion ($29.6 billion) of underlying earnings for 2021 was the biggest in Rio's 149-year history and enabled it to pay $US4.79 per share of final and special dividends. Hear our experts take on shares, the market & how to invest. The company also cut its capital investment forecast for 2022 by $500 million to $7.5 billion. This happens once a day. 1998 2023 The Motley Fool. Rio reported underlying earnings of $8.6 billion in the first half, missing the average analyst estimate and down from a record $12.2 billion last year. The dividend yield on the company stock is 14.21%, while its Forward Dividend ratio is 9.09. What is Rio Tinto Group's dividend payout ratio? Sign Up for Take Stock Despite this gain, the Rio Tinto share price remains down 25% from its 52-week high. Enter the number of Positive dynamics for Rio Tinto shares will prevail with possible volatility of 1.973%.Pessimistic target level: 64.82Optimistic target level: 66.12, Forecast target price for 05-04-2023: $65.38. It will pay a $4.3 billion dividend. As some data privacy laws regulate IP addresses and other information collected through the use of cookies as personal data, Rio Tintos processing of such personal data needs to comply with its Data Privacy Standard (see Part 1 of this Privacy Policy), and also applicable data privacy laws. RIO TINTO GROUP : Company Events Publications and Financial Calendar But despite this cut, this would still represent an above-average 9.5% dividend yield for investors. Rio Tinto plc. Please remember that investments can go up and down. 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Confirming its position as one of the big winners . If such an election is made, the dividend amounts received will be calculated by converting the declared dividend using the exchange rates applicable to sterling and Australian dollars five days prior to the dividend payment date. Australian Securities Exchange (A$) RIO: AX. 719885 Rio Tinto Limited Level 43, 120 Collins Street. Are you interested in Rio Tinto Group stocks and want to buy them, or are they already in your portfolio? Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Get a real-time Rio Tinto Group (RIO) stock price quote with breaking news, financials, statistics, . This implies potential upside of almost 27% for investors over the next 12 months. Get daily stock ideas from top-performing Wall Street analysts. Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization. Company No: 3736872. Thats not ideal from an income-investing perspective. Such dividends are known are franked dividends. Mrz 2021. If you require any personal advice or recommendations, please speak to an independent qualified financial adviser. We take a look at how you could receive passive income from two iron ore miners. Learn More. May 1, 2023 | The dividend is paid every six months and the last ex-dividend date was Mar 9, 2023. The dividend for the first half equates to $4.3 billion and was still Rio's second-highest interim payout ever. Pessimistic: $57.41. James Mickleboro has been a Motley Fool contributor since late 2015. This month we will be highlighting companies that we like at the moment that we believe are financially very strong and where we expect solid dividend growth. In 2030, professionals predict that Rio Tinto Group's EBITDA will decrease by 23.57%, to 25.68B. All rights reserved. The pandaforecast.com portal is not responsible for the loss of your money in the stock market Currently, the stock has a forward-looking P/E ratio of just 5.5 well below the average FTSE 100 P/E. Monica O'Shea. The Dividend History page provides a single page to review all of the aggregated Dividend payment information. Our most intelligent mine yet is pioneering new mining technologies, A long-life, low-cost and low-carbon lithium source, The worlds largest untapped high-grade iron ore deposit. The basis of the Australian dividend imputation system is that when Australian resident shareholders receive dividends from Rio Tinto Limited, they may be entitled to a credit for the tax paid by the Company in respect of that income, depending on the tax status of the shareholder. RIO: Rio Tinto - Detailed Earnings Estimates - Zacks.com Equities. Shareholders received an $8bn dividend, or $4.92 per share. Your account is set up to receive Rio Tinto plc notifications. This was the start of a love affair with Australian equities and he hasn't looked back since. Help yourself with our, Heres the Rio Tinto dividend forecast for 2022 and 2023. Rio Tinto dividend forecasts At present, analysts expect Rio Tinto to continue paying big dividends this year and next. RIO Rio Tinto (RIO) stock Forecast for 2022 - 2026 Last update: April 30, 2023 (10:55) Sector: Basic materials The share price of Rio Tinto Group (RIO) now RIO Rio Tinto Plc 63.99 D 0.46% (0.29) What analysts predict: $78.67 52-week High/Low: $89.72 / $59.58 50/200 Day Moving Average: $71.7 / $74.93 Rio Tinto (LSE: RIO) is one of the highest-yielding stocks in the FTSE 100 index. These kinds of stocks are more defensive in nature and less likely to experience massive share price swings. However, it is still expecting some very big yields from the mining giant. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Rio Tinto (RIO) (Delayed Data from NYSE) $63.99 USD +0.29 (0.46%) Updated Apr 28, 2023 04:00 PM ET After-Market: $63.99 0.00 (0.00%) 7:58 PM ET Add to portfolio Zacks Rank: 3-Hold 3 Style. Payout ratio hits 79 per cent of underlying earnings with 417 final dividend. How To Buy Rio Tinto Shares - Forbes Advisor Australia For example, in FY 2022, the broker expects Rio Tinto's dividend to come in at a fully franked US$8.70 (A$12.55) per share. A cookie is a small file of letters and numbers that we store on your browser or the hard drive of your computer if you agree. Our latest articles and strategies for the post-work life you want. May 1, 2023 | American Consumer News, LLC dba MarketBeat 2010-2023. ADR holders receive dividends at the declared rate in US dollars. By clicking this button, you agree to our, Heres the Rio Tinto dividend forecast through to 2024, Buy 16,900 shares in this top ASX dividend stock for $400 per month in passive income, Expect big yields from these buy-rated ASX dividend stocks: brokers, 5 things to watch on the ASX 200 on Tuesday. With your consent, our website uses cookies to distinguish you from other users of our website. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. The Motley Fool Australia has no position in any of the stocks mentioned. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Feb 24 + 2 more updates. The Company's segments include Iron Ore, Aluminium, Copper & Diamonds, Energy & Minerals and Other Operations. For the Rio Tinto Plc forecast (traded under symbol RIO) for one year forward price target at the top of this page, we have presented the average RIO forecast for forward target price across the 2 analysts covering RIO, as reported in data provided by Zacks Investment Research via Quandl.com. Stocks With Insider Buying, Best Dividend Stocks Analysts Like The Motley Fool Australia does not guarantee the performance of, or returns on any investment. Overview Forecast. London Stock Exchange () RIO:L. Rio Tinto Limited. It is our main reporting currency and consequently the natural currency for dividend determination. Edward Sheldon, CFA. This article contains general investment advice only (under AFSL 400691). Investors may be able smell big dividends from this ASX share. We forecast Rio Tinto stock performance using neural networks based on historical data on Rio Tinto stocks. With that in mind, lets take a look to see what is expected from the Rio Tinto dividend in the coming years. James Mickleboro. RIO: Rio Tinto Detailed Earnings Estimate. RIO TINTO PLC : Financial Data Forecasts Estimates and Expectations Rio declares record dividend worth $23.2b - Australian Financial Review 10/21/1997. Investors' optimism about the company's current quarter earnings report is understandable. At the end of each financial period, the board will determine an appropriate total level of ordinary dividend per share, taking into account the results for the financial year, the outlook for our major commodities, the boards view of the long-term growth prospects of the business and the Companys objective of maintaining a strong balance sheet. Rio Tinto has announced returns to shareholders of $3.5 billion including interim dividend of $2.5 billion and special dividend of $1.0 billion and a 151.1 dividend per share (US cent), a 19% increase from 127.0. Get the latest news, stories and updates. For more information please see our Financial Services Guide. Listen to Our Podcast With the exception of the use of cookies, Rio Tinto generally does not seek to collect personal data through this website. May 1, 2023 | Mon, Apr 3, 10:48 AM, Zacks After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, administrative costs, withholding taxes and different accounting and reporting standards. The purchase price of 41.4% stake could be revealed in Berkshire's 2022 10-Kin a section on . By Alex Hamer. RIO TINTO GROUP company earnings calendar and analyst expectations . Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. 'Broker forecast' and 'Recent trades' provided by MoneyAM. Win at Retirement For full RIO dividend history see Rio Tinto dividend history page. May 1, 2023 | May 1, 2023 | Should You Buy Rio Tinto For Its 17% Dividend Yield? - SeekingAlpha Rio Tinto PLC Registered Shares Share Dividends | RIO - Fidelity The annual dividend appears to be a factor 22 lower than the ore price averaged over one year. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. Analysts' Current Least Favorites, 10 ETFs With Stocks That Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price. Crossing Below Their 200 Day Moving Avg, Advertising Opportunities on Dividend Channel, Rio Tinto (RIO) & First Quantum to Advance La Granja Project, Rio Tinto's and Adidas have been highlighted as Zacks Bull and Bear of the Day. For the Rio Tinto Plc forecast (traded under symbol RIO) for one year forward price target at the top of this page, we have presented the average RIO forecast for forward target price across the 2 analysts covering RIO, as reported in Optimistic: $62.21, An downtrend is forecast for this month with an optimal target price of $58.7606. The content of this article was relevant at the time of publishing. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. The application of the system results in the tax paid by the Company being allocated to shareholders by way of imputation credits attaching to the dividends they receive. As well as juicy dividend yields, Goldman Sachs sees plenty of upside for the Rio Tinto share price. You should not invest any money you cannot afford to lose, and you should not rely on any dividend income to meet your living expenses. Positive dynamics for Rio Tinto shares will prevail with possible volatility of 2.029%.Pessimistic target level: 64.25Optimistic target level: 65.58, Forecast target price for 05-08-2023: $64.98. Rio Tinto plc shareholders will receive 185.35 pence per share for the final dividend and Rio Tinto Limited shareholders will receive 326.49 Australian cents per share for the final dividend. Cenovus reported a first-quarter profit of $636 million, down from $1.6 billion in the same quarter last year.