Rio Tinto Group (RIO) explores for mines and processes mineral resources worldwide. The company operates in four segments: Iron Ore; Aluminum; Copper & Diamonds; and Energy & Minerals. It also owns and operates open pit and underground mines, mills, refineries, smelters, power plants, and research and service facilities.
The company’s $8.34 annual dividend yields 13.3% at the current share price. It paid a semi-annual dividend of $4.17 on April 21, 2022. Its dividend payouts have increased at a 36% CAGR over the past five years. RIO has a record of five consecutive years of dividend growth.
