5 Dividend Stocks With Over 5% Yield

3. Rio Tinto Group (NYSE:RIO)

Dividend yield as of February 27: 10.09%

Number of Hedge Fund Holders: 22

London-based miner Rio Tinto Group (NYSE:RIO) offers its shareholders an annual dividend of $7.93 per share. The company also declared a special dividend of $2.47 per share on February 23. In 2021, Rio Tinto Group (NYSE:RIO) paid a total dividend of $16.8 billion, a new high for the miner and one of the largest in British corporate history.

Rio Tinto Group (NYSE:RIO) announced in December that it had signed a deal to acquire Rincon Mining’s Rincon lithium project in Argentina. The $825 million acquisition gives RIO access to one of the world’s largest undeveloped lithium brine projects. Overall, Rio Tinto Group’s (NYSE:RIO) exploration and evaluation spending in 2021 increased by 16% last year to $726 million, with a boost in activities in Australia, Europe, and Western Africa.

As of the end of December 2021, 22 hedge funds had 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 mining company. As of the end of February, Rio Tinto Group (NYSE:RIO) is up 7.45% in the last month.