RIO - Rio Tinto

[Rabbithop]

I wonder how this will end?

Oh Dear
Maybe $100 per share comes Monday

 

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - @debtfree *****

August 2024 - Following on from the July update for Rio Tinto (RIO) at the end of last month, iron ore weakness just appears to be a continuing factor weighing on the share price and has been relentless. Add into this we've also had a dividend payment on the 15th August after a bearish outside week formation at the beginning of August, and things just haven't looked great from a technical perspective whatsoever. Fortunately for investors, we now have the share price stabilising towards the end of the month of August, channelling sideways for the last two weeks of the month since ex-dividend date (momentum indicators of DMI and RSI appears to be even shifting favourably towards the end of the month).

 

[Muschu]

Hi - novice investor here. I hold RIO. Now that it's gone XD do I get the dividend if I sell some before the payment date?

 

[Skate]

Hi - novice investor here. I hold RIO. Now that it's gone XD do I get the dividend if I sell some before the payment date?

What Happens When You Sell Shares Before the Ex-Dividend Date

If you reinvest your dividends, you still pay taxes as though you received the cash. Stock dividends are generally not taxable until the stock is sold.

www.investopedia.com

Extract
The ex-dividend date is the date that the company has designated as the first day of trading in which the shares trade without the right to the dividend. If you sell your shares on or after this date, you will, however, still receive the dividend. If you sell your shares before the ex-date, however, you would not be entitled to receive those dividends.

Skate.

 

[qldfrog]

What Happens When You Sell Shares Before the Ex-Dividend Date

If you reinvest your dividends, you still pay taxes as though you received the cash. Stock dividends are generally not taxable until the stock is sold.

www.investopedia.com

Extract
The ex-dividend date is the date that the company has designated as the first day of trading in which the shares trade without the right to the dividend. If you sell your shares on or after this date, you will, however, still receive the dividend. If you sell your shares before the ex-date, however, you would not be entitled to receive those dividends.

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Skate.

Basically did you owe these share before the 25th of august and only sold these after the 15th?
If you did, you will get the dividends otherwise no..

 

[Dona Ferentes]

Hi - novice investor here. I hold RIO. Now that it's gone XD do I get the dividend if I sell some before the payment date?

you asked the same question in the AFI thread.

what's the game, pal?

 

[Bellcose]

you asked the same question in the AFI thread.

what's the game, pal?

1,229 posts and a member since 9 February 2008. Definitely seems odd. Hijacked account perhaps?

 

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - @debtfree *****

September 2024 - Following on from the August update for Rio Tinto (RIO) at the end of last month, iron ore's revived interest has resulted in a complete swing around in RIO's share price above various previously established support/resistance areas. Although share price is potentially quite overstretched away from the 10 day moving average, momentum indicators are quite strong (as expressed via the DMI and RSI) and indicate a definite bullish trend at present - observe market reaction at each of the support/resistance areas, as a suggestion.

 

[divs4ever]

Hi - novice investor here. I hold RIO. Now that it's gone XD do I get the dividend if I sell some before the payment date?

BUT depending on when you bought , your franking credits might be affected

if you have held RIO for only a short period , you may wish to ask your tax accountant about that ( assuming franking credits were useful to you in the first place )

cheers

 

[Smurf1976]

if you have held RIO for only a short period , you may wish to ask your tax accountant about that ( assuming franking credits were useful to you in the first place )

Isn't there a tax rule that says only amounts over $x are affected by that, effectively meaning a small "mum and dad" type shareholder can effectively ignore that and just sell?

Not certain on that but I think that's the case?

 

[divs4ever]

Isn't there a tax rule that says only amounts over $x are affected by that, effectively meaning a small "mum and dad" type shareholder can effectively ignore that and just sell?

Not certain on that but I think that's the case?

i normally hold a stock for years ( especially div. payers) so don't have to worry about that , but newer investors/traders might be affected , but i am aware there have been some changes since 2011 , when i started this investing adventure

 

[Ferret]

RIO has quickly sealed a deal to buy Arcadium Lithium.

They didn't muck around, which is good. I hold, so I hope that they haven't overpaid.

They don't have the greatest record with acquisitions. At least they are striking when the lithium sector is beaten down.

 

[Dona Ferentes]

RIO has quickly sealed a deal to buy Arcadium Lithium.
They didn't muck around, which is good. I hold, so I hope that they haven't overpaid. "They don't have the greatest record with acquisitions. At least they are striking when the lithium sector is beaten down.

Rio chief executive Jakob Stausholm expressed faith in the long-term demand for the green metal, which is needed by manufacturers of modern batteries for industrial uses and electric car makers.
“The overall trend is very, very clear, it goes only in one direction … demand for lithium is going up,” he said. “What really matters is the average lithium price over the next decade.”

Mr Stausholm said big car makers would prefer to strike lithium supply deals with a large and financially robust company such as Rio Tinto, rather than be held hostage to the cyclical gyrations of the small and specialist companies that currently dominate lithium supply.

“Our customers will appreciate a major blue chip company coming in, a company they can rely on, they can make long-term agreements with because the challenge of course for start-up companies is it can go in different directions,” he said.

“You have a number of smaller companies who are either investing a lot in lithium or are, like now, holding back on investments. I think Rio can enter and be a stabilising factor here because we think long term.”

 

[IvoryWolf]

***** MONTHLY UPDATE FOR FULL CALENDAR YEAR 2024 STOCK TIPPING COMPETITION - @debtfree *****

October 2024 - Following on from the September update for Rio Tinto (RIO) at the end of last month, it appears that the share price was indeed overstretched from the 10 day moving average at the end of last month and has returned back to below prior resistance areas. Towards the end of October, we now see the share price beginning to have issues with both the 10 and 30 day moving averages, as well as the long term support/resistance area of $119.63 from 3rd April. Should this area not be surpassed in the near future, we could see further downside in the share price considering momentum is flat at present, as shown by DMI/ADX and RSI.