5 Best Foreign Stocks With Dividends

2. Rio Tinto Group (NYSE:RIO)

Dividend Yield as of October 25: 12.65%

Rio Tinto Group (NYSE:RIO) is an Anglo-Australian multinational mining company that specializes in processing the Earth’s mineral resources. In October, JPMorgan raised its price target on the stock to GBP 5,480 and maintained a Neutral rating on the shares, mentioning the company’s earnings growth.

Rio Tinto Group (NYSE:RIO), one of the best foreign stocks, paid $4.3 billion in dividends to shareholders in Q2, which is the second-highest interim dividend in the market. The company generated $10.5 billion in operating cash flow and its free cash flow came in at $7.1 billion during the quarter.

Rio Tinto Group (NYSE:RIO) pays an interim dividend of $2.665 per share, with a dividend yield of 12.65%, as of October 25. In February, the company also paid a special dividend to shareholders. It has a healthy payout ratio of 50%.

As of the close of Q2 2022, 24 hedge funds in Insider Monkey’s database owned stakes in Rio Tinto Group (NYSE:RIO), worth $1.72 billion. With 14.8 million shares, Fisher Asset Management was the company’s leading stakeholder in Q2.