Three Mining Stocks That Pay Out High Dividends

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Located in the UK, Rio Tinto Group (NYSE: RIO) is a business that explores, mines, and processes minerals like iron ore, copper, aluminium, and others

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It has operations in 35 nations, and the OECD accounts for the majority of its non-current assets.

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The company's average dividend yield over the previous five years was 9.45%, which is excellent given the low interest rate and inflation environment.

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An Australian-based resource corporation called BHP Group Limited (NYSE: BHP) carries out its business through the Iron Ore, Copper, Coal, and Other (nickel and potash) segments

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the business offers a number of other services, including towing, freight, marketing and trading, and finance.

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For the production of nickel, copper, coal, and iron ore, the corporation has made significant investments in Australia

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BHP pays a high dividend yield of 13.69%, which, after accounting for inflation, equates to a yield of 5.09%, similar to Rio Tinto.

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Ferrous Minerals and Base Metals make up the two business sectors of Brazil-based Vale S.A. (NYSE: VALE).

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Iron ore and pellets, manganese, ferroalloys, nickel, and their byproducts are among its products.

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With a market valuation of $60 billion, this business is also the least significant one on the list.

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The weakest dividend growth rate was recorded by Vale, which experienced a CAGR of 1.55% between 2003 and 2020

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