5 Commodity Dividend Stocks With Over 4% Yield

2. Rio Tinto Group (NYSE:RIO)

Dividend Yield as of March 21: 10.51%

Number of Hedge Fund Holders: 22

Rio Tinto Group (NYSE:RIO) is another high-paying dividend stock from the mining sector. The London-based miner pays its shareholders an annual dividend of $7.93 per share and has a five-year dividend growth rate of 36.04%. Last year, the company paid a total of $16.8 billion in dividends. Rio Tinto Group’s (NYSE:RIO) generous shareholder return program stems from the company’s dominant position in the thriving commodity sector. The company reported a net income of $21.1 billion in 2021, a 116% increase over the previous year.

Rio Tinto Group (NYSE:RIO) is in the process of terminating commercial relationships with Russian companies following the announcement by the Australian government of a ban on aluminum exports to Russia. As of March 22, Rio Tinto Group (NYSE:RIO) shares jumped 18% in the previous three months.

At the end of the fourth quarter of 2021, 22 hedge funds held stakes in Rio Tinto Group (NYSE:RIO), with total holdings amounting to $1.84 billion. While in the previous quarter, only 18 funds held stakes in the London-based mining company.