Dean Valle Acquires 424 Shares of Rio Tinto Group (ASX:RIO) Stock

Rio Tinto Group (ASX:RIO) insider Dean Valle acquired 424 shares of the stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of A$117.16 ($72.77) per share, for a total transaction of A$49,674.99 ($30,854.03).

Rio Tinto Group Price Performance

The company has a market capitalization of $106.20 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of -0.24 and a beta of 0.59. The company has a current ratio of 1.70, a quick ratio of 1.34 and a debt-to-equity ratio of 25.88.

Rio Tinto Group Cuts Dividend

The company also recently announced a Final dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 16th will be paid a $3.536 dividend. This represents a dividend yield of 2.86%. The ex-dividend date of this dividend is Wednesday, March 5th. Rio Tinto Group’s dividend payout ratio (DPR) is presently 68.63%.

Rio Tinto Group Company Profile

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company operates through Iron Ore, Aluminium, Copper, and Minerals Segments. The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia. The Aluminum segment is involved in bauxite mining; alumina refining; and aluminium smelting.