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Strategies & Market Trends : Dividend investing for retirement

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To: Jacob Snyder who wrote (16062)11/20/2014 4:53:53 PM
From: Jacob Snyder  Read Replies (1) of 34328
 
RIO: Rio Tinto, Australian mining conglomerate:

4.3% div yield = $1.92/45

dividend history longrundata.com
Dividends paid twice a year, and are irregular (proportional to earnings, common for non-U.S. companies)

51B$/y revenue:
38% sales to China
16% sales to Japan
15% sales to N. America

25.7B net debt
9.6B cash
16.1B net debt
17B/y operational cash flow

9B/y capex in 2014, down from 17B in 2012; 8B 2015 guidance

Earnings: 90% from iron

A-/A3 credit rating

revenues by commodity:
49% iron ore
22% aluminum, alumina, bauxite
9% copper
8% coal
12% other

Asset location:
48% Australia
23% Canada
7% U.S.
82% total in OECD nations

Risks: demand from China, global economy, resource nationalism, decline in thermal coal demand, decline in Australian currency




seekingalpha.com

disclosure: no position; I'll probably buy at $38
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