Rio Tinto Limited (ASX: RIO) announced its solid second-quarter production performance across most of the commodities as compared to the prior corresponding period (pcp). Pilbara iron ore shipment recorded 88.5 Mn tonnes on 100% basis in Q2FY18, and marked a decent growth of 14% on pcp basis at the back of better climate conditions compared to last year, the increase of Silvergrass and the continuous execution of productivity improvements over the incorporated framework. Further, Bauxite production inclined by 4% to 13.3 MTPA due to continued operational improvements while Aluminium production of 0.9 MTPA was 3% lower than the second quarter of FY17 due to labour disruptions at the non-managed Becancour smelter in Canada and a power interruption at the Dunkerque smelter in France. Other segments such as Mined copper production has also grown well while Hard coking coal production and Titanium dioxide slag production were down due to the impact of Cyclone Debbie last year and ongoing labour disputes between contractors and their employees. However, the major growth projects are on track, with the first bauxite shipment from the Amrun site expected in 1HFY19 and construction of the first drawbell at Oyu Tolgoi Underground expected in the mid of FY20. As of now, the group focuses on cash generation and disciplined capital allocation to provide superior returns to its shareholders in the short to long-term period. Despite the positive announcement, RIO stock plunged 0.371 per cent. It traded at $ 79.115 with the market-cap of circa $32.75 Bn as of July 17, 2018, 3:30 PM AEST.[pluginops_form template_id='23834' ]
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.