News: Rio Tinto, a global leader in the mining and metals sector, has always been a significant player for investors seeking stable dividends. This article provides an overview of Rio Tinto’s 2024 dividend, record date, payment date, share price history, and more.
Rio Tinto Dividend 2024
For the year 2024, Rio Tinto has announced an annual dividend payment of $2.58 per share. This dividend reflects the company’s robust financial health and its commitment to rewarding its shareholders.
Record Date and Payment Date
The record date for the 2024 dividend is March 7, 2024. This date is crucial as only the shareholders who own It’s shares on this date will receive the dividend. The payment date, which is the date when the dividend will be paid to the shareholders, is April 18, 2024.
Share Price History
It’s share price has seen various highs and lows over the years. As of February 23, 2024, the closing stock price for Rio Tinto was $65.98. The all-time high for Rio Tinto’s stock closing price was $75.65 on January 26, 2023. The 52-week high and low stock prices are $75.30 and $58.27, respectively.
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About Rio Tinto :
It is a British-Australian multinational corporation and the world’s second-largest metals and mining company. Founded in 1873, the company has grown through a series of mergers and acquisitions. It operates worldwide, producing a wide range of minerals including iron ore, copper, diamonds, gold, and uranium.
Operations and Impact
It’s operations extend beyond mining. It also refines some of the materials it extracts, such as bauxite into alumina and aluminium, and iron ore into iron. The company’s products are essential to modern life, finding their way into smartphones, planes, cars, hospitals, and homes.
It continues to be a reliable choice for investors seeking steady dividends. Its strong financial performance, coupled with a commitment to shareholder returns, makes it a noteworthy player in the mining and metals sector.
Frequently Asked Questions
1. What is the dividend yield of Rio Tinto?
The dividend yield is calculated by dividing the annual dividend payment by the prevailing share price. As of now, Rio Tinto’s dividend yield stands at 6.7285%.
2. How often does Rio Tinto pay dividends?
Rio Tinto typically pays dividends on a semi-annual basis. The dates may vary each year but are generally around April and September.
3. What is the significance of the record date?
The record date is the cut-off date established by a company in order to determine which shareholders are eligible to receive a dividend or distribution.
4. How has Rio Tinto’s share price performed over the years?
Rio Tinto’s share price has seen a fair share of ups and downs. However, it has shown a steady growth trend over the years, reflecting the company’s strong market position and consistent performance.
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