Rio Tinto Group (ASX:RIO) Insider Dean Valle Purchases 462 Shares

Rio Tinto Group (ASX:RIO) insider Dean Valle acquired 462 shares of the stock in a transaction that occurred on Monday, April 7th. The stock was acquired at an average cost of A$108.00 ($64.29) per share, for a total transaction of A$49,896.00 ($29,700.00).

Dean Valle also recently made the following trade(s):

• On Wednesday, February 26th, Dean Valle purchased 424 shares of Rio Tinto Group stock. The stock was acquired at an average price of A$117.16 ($69.74) per share, with a total value of A$49,674.99 ($29,568.45).

Rio Tinto Group Stock Performance

The company has a debt-to-equity ratio of 25.88, a current ratio of 1.70 and a quick ratio of 1.34. The stock has a market cap 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.

Rio Tinto Group Cuts Dividend

The business also recently disclosed a Final dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 16th will be issued a dividend of $3.536 per share. The ex-dividend date of this dividend is Wednesday, March 5th. This represents a dividend yield of 2.86%. Rio Tinto Group’s payout ratio is 68.63%.

About Rio Tinto Group

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.