Looking at the universe of stocks we cover at Dividend Channel, on 3/7/24, Rio Tinto plc (Symbol: RIO), BHP Group Ltd (Symbol: BHP), and Mativ Inc (Symbol: MATV) will all trade ex-dividend for their respective upcoming dividends. Rio Tinto plc will pay its semi-annual dividend of $2.58 on 4/18/24, BHP Group Ltd will pay its semi-annual dividend of $1.44 on 3/28/24, and Mativ Inc will pay its quarterly dividend of $0.10 on 3/22/24. As a percentage of RIO's recent stock price of $64.85, this dividend works out to approximately 3.98%, so look for shares of Rio Tinto plc to trade 3.98% lower — all else being equal — when RIO shares open for trading on 3/7/24. Similarly, investors should look for BHP to open 2.48% lower in price and for MATV to open 0.56% lower, all else being equal.
Below are dividend history charts for RIO, BHP, and MATV, showing historical dividends prior to the most recent ones declared.
Rio Tinto plc (Symbol: RIO):
BHP Group Ltd (Symbol: BHP):
Mativ Inc (Symbol: MATV):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 7.96% for Rio Tinto plc, 4.96% for BHP Group Ltd, and 2.23% for Mativ Inc.
Free Report: Top 8%+ Dividends (paid monthly)
In Tuesday trading, Rio Tinto plc shares are currently down about 0.5%, BHP Group Ltd shares are down about 0.5%, and Mativ Inc shares are up about 1.9% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
HUM Historical Stock Prices
LAZY Stock Predictions
Top Ten Hedge Funds Holding MNTV
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
