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Scotia Capital increased its Rio Tinto stake by 6.2%, as the mining firm announces a $2.23 dividend.
Scotia Capital Inc. boosted its stake in Rio Tinto Group by 6.2%, acquiring 5,538 shares in the fourth quarter.
Rio Tinto, with a market cap of $71.26 billion, recently announced a semi-annual dividend of $2.23 per share, due on April 17th, marking a yield of 7%.
The stock, currently trading around $56.83, has received a "Moderate Buy" rating with a price target of $73.00 from analysts.
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Scotia Capital aumentó su participación en Río Tinto en un 6,2%, ya que la empresa minera anuncia un dividendo de $2.23.