Dividend Shares
Rio Tinto (ASX:RIO) share price in focus on $1 billion recycling JV
The Rio Tinto Ltd (ASX: RIO) share price is under the spotlight after revealing an aluminium recycling joint venture for AU$1 billion.
July 24, 2023
Big money is not in the buying or selling, but in the waiting.
For my own portfolio, I like to find ASX shares that are growing their dividends. Growth is an essential part of the dividend equation for me. I want to see that the dividend increases are funded by growing earnings and/or growing underlying asset values. I also have a portion of my portfolio invested in an ETF that picks undervalued global businesses with strong competitive advantages.
For Rask Media, I have an interest in covering technology (and tech-related) businesses with a global growth story, as well as cyclical companies that are cheaply priced because they’re at a low point in the cycle, such as retailers and resource businesses which could benefit strongly in the medium-term.
The Rio Tinto Ltd (ASX: RIO) share price is under the spotlight after revealing an aluminium recycling joint venture for AU$1 billion.
The Rio Tinto Ltd (ASX: RIO) share price and BHP Group Ltd (ASX: BHP) share price have both been rated as sells by the broker UBS.
The Fortescue Metals Group Ltd (ASX:FMG) share price is up after it announced that it’s acquiring a 100% interest in a US green hydrogen hub.
The Volpara Health Technologies Ltd (ASX:VHT) share price is down 4% after reporting its FY24 first quarter, which was strong.
The Flight Centre Travel Group Ltd (ASX: FLT) share price is up 4% after the ASX travel share gave a FY23 update.
The BHP Group Ltd (ASX:BHP) share price is in focus after the ASX mining share released its operational update for June 2023.
The Woodside Energy Group Ltd (ASX:WDS) share price is up 1% after the energy ASX share announced a weaker quarterly update for 2023 Q2.
The Rio Tinto Ltd (ASX:RIO) share price is up after the ASX mining share increased its guidance expectations.
The Hub24 Ltd (ASX:HUB) share price is in focus after the ASX fintech share revealed further FUA growth in the FY23 fourth quarter.
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