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Is RIO a buy for the div?

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Question asked 26/02/2022

Is RIO a buy for the div?

Hi james , Would you buy RIO For the record div @ $10.40 ? Cheers Craig

Answer

Hi Craig,

We don’t think so believing the next $10 for the stock is down which not surprisingly sounds like the dividend amount! In the bigger picture while we like materials stocks, iron ore is not our preferred exposure to the Resources Sector at this point in time.

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Rio Tinto (RIO)

LAST UPDATED 25/02/2022 16:36

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