Ex-Dividend Reminder: Rio Tinto, BP and Matador Resources

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As a percentage of RIO's recent stock price of $62.85, this dividend works out to approximately 2.82%, so look for shares of Rio Tinto plc to trade 2.82% lower — all else being equal — when RIO shares open for trading on 8/10/23. Similarly, investors should look for BP to open 1.21% lower in price and for MTDR to open 0.26% lower, all else being equal.

Below are dividend history charts for RIO, BP, and MTDR, showing historical dividends prior to the most recent ones declared.

Rio Tinto plc (NYSE:RIO):

BP PLC (NYSE:BP):

Matador Resources Co (NYSE:MTDR):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 5.63% for Rio Tinto plc, 4.82% for BP PLC, and 1.05% for Matador Resources Co.

In Tuesday trading, Rio Tinto plc shares are currently off about 1.9%, BP PLC shares are down about 2.3%, and Matador Resources Co shares are off about 2.5% on the day.