Rio Tinto shares trade ex-dividend

Mining giant Rio Tinto (ASX: RIO) trades ex-dividend today. On August 8th, the company reported an 18% fall in half year earnings, yet raised its interim dividend by 15% to 93 cents.

The fully franked dividend will be paid on 12 September 2013 to Rio Tinto shareholders on the register at the close of business on 16 August 2013.

Trading around $62, Rio Tinto trades on a forecast dividend yield of 2.7%. By comparison, BHP Billiton trades on a forecast dividend yield of around 2.8%.

While those dividend yields are decent, they’ve got nothing on The Motley Fool’s #1 dividend-paying stock.

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