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Expected drop but cant understand why as the divi will only be paid to holders on the register at close of play on the 8th March. Selling Today would not get You that dividend or am I missing something ?
1.Armani
I sold SHELL a while back, just because at the time I held both BP. and SHELL, I liked BP. more so moved the SHELL profits such as they were into BP.. I Held BP. from the second half of 2020 until I sold the lot in the first half of 2023. To be honest I cannot remember what cause me to sell but managed a capital gain of £11.5k. I was very lucky as I had bought as low as £1.93 to as high as £3.90. I guess I'm a bit odd, I just do not like selling stock usually, and I really do like RIO, its my 4th largest holding by value. Most of my stocks are income stocks with only about a 1/4 of my holdings being what I would consider growth stocks, and half of those 'growth' stocks pay smallish dividends. I guess I'm a hoarder who likes a dividend. I do wish I had sold AAL in 2022, hindsight is a wonderful thing, so now I'm sitting on a paper capital loss slightly offset by the dividends I have had, but a good sized loss none the less.
My biggest loss was with DLG, that really blindsided me, worst of that was I lost all faith in the management so bit the bullet and sold at a loss. I guess we all pick losers now and again, the aim of the game is to pick more winners than losers. ATB
Thought I’d practice what I preach & purchased yesterday @50.19.
Equal funds ready for tomorrow, although the budget may change the narrative.
Might be worth considering splitting your investment, so half now at £50, which will effectively be £48 with the imminent divi, and the other half on xd day?
Just a thought to take advantage without so much risk Gary.
Thank you G59, as you allude to, no point worrying really. I'm getting 4.75% on cash at the moment, a buffer until I grab the superior returns on offer here at an entry point in the 50'/51's.
It’s always a conundrum R61 as whether to wait for XD to buy or not. If my calculations are correct for every 5K you invest at todays £51 share price your next dividend would roughly be £200. So that’s the gamble for us mere mortals. As I’m a long term holder a single dividend isn’t that important to me so I’m going to wait until after the 7th
If you wait for ex div (7/03), you may well get sub 50, just a question of whether it drops by more than the coupon for me. Do I go in now or not?
Moneybox - "Gary, I've bought RIO below 50 and sold above 60 for several years now".
Thanks to yourself & all others who replied to my query. I never invest in a share unless I am certain that I fully understand the risks etc & only after I have researched thoroughly, this has stood me in good stead over the years.
I'm now a lot more confident in this sector & so look forward to buying here (sub 50 if possible), AAL & possibly GLEN over the next few weeks.
Thanks again all & good luck.
Attractive buy in price at the moment I reckon. I'll buy a few each month and build a nice little holding.
I think he means holding RIO shares is not something to think or worry about, not that holders have no brains :)
Not sure that is the best recommendation, that Rio is a share for people with no brains. It is my largest holding, so what does that say for my brains?
Am staying in. Long term it is a "no Brainer" in my opinion. There are bound to be dumps along the journey if you cannot live with those you should not be an investor
Drifting, don't bother no one takes you seriously.
I sold this morning.
Moved me profits to VALE
They offer more upside ..and gave lower cost to production cost basis for iron ore
Results 21st …
Gary,
I've bought RIO below 50 and sold above 60 for several years now. if you want to have "fun" and avoid funds, then you're geting very close (close enough maybe) to put something in to RIO right now.
Where's "my mum's Mystic meg" driftking27 then?
Another plonker filtered.
Paul2566
I understand where you're coming from as that's a decent RIO holding of one share!
I'm slowly top slicing certain shares which are more exposed to the UK economy and increasing global shares.
DGE, BHP, RIO, SHEL, BP to name a few.
China will step up the stimulus program second half 2024.... well that's what I believe & I'm relatively close to contacts as I live in Asia.
Be good to bag the divi and add more.
ATB
Dividend declared
203.77p ,ex div Thurs 7th March
Paydate Thurs 18th Apr
Armani
I can't say I'm not tempted, but I'm quite heavy on mining and already hold 676 of these so currently it's going to have to move a little more to push me into overweight.
I already know I'm probably going to regret not buying more at these prices, but my decision is made. Well for now at least.
Added 5113p this morning.
Ex divi in a few weeks, and as usual buying the dips.
gla
Roxi
I wouldn't say good, but not unexected given the problems in China and general market conditions.
Profit after tax 2021-2022 = $13 billion.
Profit after tax 2022-2023 = $10 billion.
That appears to be about 23% lower.
However with inflation, energy prices, and world events, as I say not a huge surprise and I think from the comments in the RNS the worst of it is in the rear view mirror.
The dividend is still good and I suspect the results for 2023-2024 will be stronger.
I have held RIO for some time and I cannot see it not being in my portfolio. It has been very good to me in the past and I suspect will continue to reward me well.
I have bought this as high as £55, but looking at my records the majority of buys have been below £50, with most of those being below £47. Currently I don't intend to buy above £51, but I have in the past and no doubt will do again.
And dividend excellent return too, RIO doing very well
Drifting, you pretty much guaranteed to everyone here that the dividend was going to get cut. What happened?
Just goes to show to not listen to any predictions on shares bulletin boards, especially those who pretend to know.
Rio Tinto today declared a final dividend of 258.0 cents per share, up from 225.0 cents per share in 2022 and ahead of the LSEG estimate of 247.0 cents per share.
Just for everyone here to understand, it is pointless to worry about divis getting cut or not, because any divis not paid out get put into retained profits which ultimately increases the SP.
Divi cut or not, is left pocket right pocket really.
All you need to worry about it earnings and profits. Not divis, unless you need the income.