Ill tell you were the confusion may come from. Its the shares outstanding & duel listing. The difference between Rio Tinto PLC & RIo Tinto Limited. Rio Tinto Limited is the ASX listing as has 371m of the 1617.4m shares outstanding of Rio Tinto as a hole.
If you take at face value Rio Tinto's financial statements & dont make the adjustment for the fact the ASX listed shares are entitled to 19% of the earnings/assets. You will get wildly distorted ratios. With a current market cap of 48B AUD, compare that to a rough average of dividends paid 2019/2020 of 8B USD. That would be over a 20% dividend yield. If Bell Potter are forecasting a 21 dollar dividend then I would guess they have failed to adjust their analysis for the duel listing. Im sure this is very encouraging for clients of theirs.
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Ill tell you were the confusion may come from. Its the shares...
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Last
$130.84 |
Change
-0.140(0.11%) |
Mkt cap ! $48.74B |
Open | High | Low | Value | Volume |
$130.00 | $131.72 | $130.00 | $68.30M | 521.4K |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 79 | $130.81 |
Sellers (Offers)
Price($) | Vol. | No. |
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$130.84 | 70 | 4 |
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No. | Vol. | Price($) |
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10 | 128 | 130.750 |
3 | 108 | 130.740 |
7 | 370 | 130.730 |
6 | 427 | 130.720 |
6 | 182 | 130.710 |
Price($) | Vol. | No. |
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130.770 | 121 | 9 |
130.780 | 31 | 1 |
130.790 | 102 | 3 |
130.800 | 136 | 5 |
130.810 | 207 | 4 |
Last trade - 14.54pm 30/04/2024 (20 minute delay) ? |
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Last
$130.97 |
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Change
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Open | High | Low | Volume | ||
$130.36 | $131.71 | $130.02 | 58361 | ||
Last updated 15.13pm 30/04/2024 ? |
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