Rio Tinto: a low price and prospective price to earnings ratios, plus a relatively high estimated dividend yield makes the shares look attractive.

There are not too many times when darting and hovering investor is able to by Rio Tinto (RIO) at an historic dividend yield that close to that of the FTSE 100 Index. I note that that the dividend yield on the FTSE 100 index last seen was 3.55% and the historic dividend yield on RTZ was an attractive looking 3.5%. At a share price of 3,176p its ordinary shares are back to levels last seen three years ago and well below the price of above 4,500p it reached in 2011. Clearly a closer look is suggested.