Mining shares have had a torrid time during the last year with a downward momentum against the FTSE100 index taken on thrust during the last three months. However, just as shares to do not keep going up forever, neither do they for most of their lives keep on going down forever, even if it does sometime feel like that.
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.
