Rio Tinto plc (RIO) Plans Dividend of GBX 56.90
Rio Tinto plc (LON:RIO) declared a dividend on Thursday, August 7th, Analyst Ratings.Net reports. Stockholders of record on Wednesday, August 13th will be given a dividend of GBX 56.90 ($0.96) per share on Thursday, September 11th. This represents a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 13th. The official announcement can be seen at this link.
RIO has been the subject of a number of recent research reports. Analysts at BMO Capital Markets reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Thursday. They now have a GBX 3,500 ($58.89) price target on the stock. On a related note, analysts at Investec reiterated a “hold” rating on shares of Rio Tinto plc in a research note on Thursday. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Tuesday. They now have a GBX 3,700 ($62.26) price target on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 3,742.18 ($62.97).
Shares of Rio Tinto plc (LON:RIO) traded down 0.52% during mid-day trading on Thursday, hitting GBX 3373.00. 5,535,115 shares of the company’s stock traded hands. Rio Tinto plc has a 52 week low of GBX 2908.50 and a 52 week high of GBX 3641.9998. The stock’s 50-day moving average is GBX 3270.61 and its 200-day moving average is GBX 3275.32. The company’s market cap is £62.354 billion.
Rio Tinto plc (LON:RIO) is an international mining company.
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