Rio Tinto plc (ADR) (RIO) Declares Semiannual Dividend of $0.96
Rio Tinto plc (NYSE:RIO) declared a semiannual dividend on Friday, August 8th, AnalystRatings.NET reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.9584 per share on Thursday, September 11th. This represents a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, August 13th.
Several analysts have recently commented on the stock. Analysts at Investec reiterated a “hold” rating on shares of Rio Tinto plc in a research note on Friday. On the ratings front, analysts at Credit Suisse reiterated an “outperform” rating on shares of Rio Tinto plc in a research note on Friday. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Rio Tinto plc in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $61.00.
Rio Tinto plc (NYSE:RIO) traded up 0.68% during mid-day trading on Friday, hitting $57.48. The stock had a trading volume of 1,421,513 shares. Rio Tinto plc has a 52 week low of $45.00 and a 52 week high of $60.61. The stock has a 50-day moving average of $55.93 and a 200-day moving average of $54.94. The company has a market cap of $106.3 billion and a P/E ratio of 28.94.
Rio Tinto plc (NYSE:RIO) is an international mining company.
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