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Ex-Dividend Reminder: Linde, Rio Tinto and Magna International

By Metals Channel Staff, Tuesday, March 2, 10:08 AM ET

On 3/4/21, Linde plc (NASDAQ:LIN), Rio Tinto plc (NYSE:RIO), and Magna International Inc (NYSE:MGA) will all trade ex-dividend for their respective upcoming dividends. Linde plc will pay its quarterly dividend of $1.06 on 3/22/21, Rio Tinto plc will pay its semi-annual dividend of $3.09 on 4/15/21, and Magna International Inc will pay its quarterly dividend of $0.43 on 3/19/21.

As a percentage of LIN's recent stock price of $253.32, this dividend works out to approximately 0.42%, so look for shares of Linde plc to trade 0.42% lower — all else being equal — when LIN shares open for trading on 3/4/21. Similarly, investors should look for RIO to open 3.40% lower in price and for MGA to open 0.50% lower, all else being equal.

Below are dividend history charts for LIN, RIO, and MGA, showing historical dividends prior to the most recent ones declared.

Linde plc (NASDAQ:LIN):

Rio Tinto plc (NYSE:RIO):

Magna International Inc (NYSE:MGA):

In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.67% for Linde plc, 6.80% for Rio Tinto plc, and 2.00% for Magna International Inc.


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In Tuesday trading, Linde plc shares are currently up about 0.7%, Rio Tinto plc shares are up about 1.3%, and Magna International Inc shares are trading flat on the day.


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