Rio Tinto share dividend and yield

  •   HARMANT Adeline

Following the publication of results that were well above expectations and significantly higher in 2021, the Rio Tinto group has decided to increase its dividend in 2022. This yield share thus offers an attractive remuneration to its shareholders. In this article, we offer you to discover everything you need to know about this company's dividend with its precise amount, its current yield and its detachment and payment dates as well as the history of its amount and yield over the last ten years.

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Rio Tinto share dividend and yield

What is the amount of the dividend paid by Rio Tinto?

The last annual dividend that was paid by Rio Tinto to its shareholders was in 2021 and related to the company's 2020 financial year. This was in the amount of $4.64 per share.

The Rio Tinto group has also recently indicated an increase in this dividend in 2022 and for the 2021 financial year. This will increase to $10.40 per share.

 

When does Rio Tinto pay its dividend?

The Rio Tinto share dividend is paid each year for the previous financial year. This is because the Board of Directors must first determine the amount of the dividend and submit it to a shareholder vote at the annual general meeting. The dividend that is paid in 2022 for Rio Tinto shares is therefore the dividend for the financial year 2021.

The Rio Tinto Group has a bi-annual dividend payment schedule. The dividend is paid in two instalments to shareholders. The ex-dividend date is usually in March and August.

In 2021, Rio Tinto shareholders received a first payment on 15 April and a second payment on 23 September.

 

What is the next expected dividend for Rio Tinto shares?

The next dividend to be paid by Rio Tinto is of course the 2022 dividend which was calculated on the 2021 financial year.

The group's management has in fact announced a dividend of $10.40 per share after an increase in its financial results at the end of this financial year. This new dividend is therefore significantly higher, as is the yield, which has risen to over 13%.

The first payment of this dividend has already been made on 21 April 2022 and the next payment should be made in September 2022.

 

Rio Tinto share dividend history:

Rio Tinto is a company known for paying a regular dividend to its shareholders. Indeed, since 1991, the company has paid a dividend every year without interruption, for over 30 years. Let's take a look at Rio Tinto's latest dividend payments and how they have changed over time.

  • In 2021, Rio Tinto's dividend was $4.64 with a 27.98% increase
  • In 2020, Rio Tinto's dividend was $3.86 with a decrease of 39.21%.
  • In 2019, Rio Tinto's dividend was $6.35 with an increase of 107.32%.
  • In 2018, Rio Tinto's dividend was $3.063 with a 29.89% increase
  • In 2017, Rio Tinto's dividend was $2.358, up 54.83%.
  • In 2016, Rio Tinto's dividend was $1,523 with a decrease of 32.23%.
  • In 2015, Rio Tinto's dividend was $2,247 with an increase of 9.41%.
  • In 2014, Rio Tinto's dividend was $2,054 with an increase of 15.72%.
  • In 2013, Rio Tinto's dividend was $1,775 with an increase of 8.5%.
  • In 2012, Rio Tinto's dividend was $1,636 with an increase of 39.47%.

Looking at this history, there have been several increases and decreases in the amount of dividend paid by Rio Tinto. Overall, however, the dividend has increased by an average of 3.35% per year over the last five years and by an average of 5.45% per year over the last ten years.

 

What is the dividend yield on Rio Tinto shares?

The Rio Tinto dividend yield is calculated by dividing the amount of the dividend by the share price at the time of detachment. Thus, not only the amount of the dividend should be taken into account in assessing the profitability of a share, but also its share price.

The dividend paid by Rio Tinto in 2022 and for the financial year 2021 thus shows a yield of 13%. 

On the other hand, Rio Tinto's payout ratio is currently 52.9%. This means that the group does not dip too much into its profits to pay its shareholders and keeps some of it for growth.

 

What is the multi-year dividend yield on Rio Tinto shares?

Over the last 10 years, the Rio Tinto group has paid a dividend with an average yield of 4.06%, which is below the 2022 yield. Here is its history:

  • In 2022, this dividend yield is 13%.
  • In 2021, the yield on this dividend was 6.20%.
  • In 2020, the yield on this dividend was 6.40%.
  • In 2019, the dividend yield was 6.51%.
  • In 2018, the dividend yield was 5.55%.
  • In 2017, the dividend yield was 3.42%.
  • In 2016, the dividend yield was 4.11%.
  • In 2015, the dividend yield was 2.61%.
  • In 2014, the dividend yield was 1.79%.
  • In 2013, the dividend yield was 1.53%.
  • In 2012, the dividend yield was 0.97%.
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