Should I buy Rio Tinto shares given the ASX 200 miner just slashed its dividend by 46%You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Learn MoreThe Rio Tinto Limited (ASX: RIO) share price has seen plenty of volatility over the past year. Why was the Rio Tinto dividend cut by so much? Is the Rio Tinto share price a buy? If I were trying to achieve market-beating returns, I’d wait for a lower Rio Tinto share price because of the cyclical nature of markets.
But here is a dividend stock you can buy without second guessing. The company’s dividend growth rate has slowed to around 3% since the pandemic, against the 28-year average of 10%. Two back-to-back macro events (the 2020 pandemic and 2023 recession) forced several companies to slash dividends or stall dividend growth. The last time it had single-digit dividend growth was during the 2007–2008 Financial Crisis. It returned to double-digit dividend growth in 2009 as the economy recovered.21 days ago The Motley Fool
Canadian oil stocks have an opportunity to rise again, after an early 2023 slump that caused them to underperform the broader markets. In the first two months of 2023, oil prices fell, leading to similar weakness in Canadian oil stocks. If they do, then we’d expect Canadian oil stocks to start rising again, as they are arguably already very cheap at today’s prices. The current bearishness in oil prices is likely temporaryOne factor that argues for an upturn in Canadian oil stocks is the likelihood that the current decrease in oil prices is temporary. Debt has been repaidAnother factor that could push Canadian oil stocks higher is debt repayment.25 days ago The Motley Fool
We released version 3.0 of NVIDIA AI enterprise with support for more than 50 NVIDIA AI frameworks and pretrained model and new workflows for contact center, intelligent virtual assistance, audio transcription and cybersecurity. We are partnering with major service -- cloud service providers to offer NVIDIA AI cloud services, offered directly by NVIDIA and through our network of go-to-market partners, and hosted within the world's largest clouds. Customers can engage NVIDIA AI cloud services at the AI supercomputer, acceleration library software, or pretrained AI model layers. We will share more details about NVIDIA AI cloud services at our upcoming GTC so be sure to tune in. It's cloud to private cloud, cloud to on-prem.26 days ago The Motley Fool
Is Coles now one of the best ASX 200 dividend shares? With its dividend increasing significantly in the company’s FY23 half-year result, should it now be considered one of the best S&P/ASX 200 Index (ASX: XJO) dividend shares? Is it one of the best ASX 200 dividend shares around? When looking at other major ASX 200 dividend shares, such as Commonwealth Bank of Australia (ASX: CBA) and BHP, both of those big names have seen a dividend cut since the start of the COVID-19 pandemic. So, the supermarket business has achieved an impressive level of consistency, even if the major ASX 200 dividend shares like mining shares and bank shares started with higher dividend yields.27 days ago Motley Fool
In the short term, movements of the iron ore price will likely be the strongest influence on investor sentiment surrounding Fortescue. If the iron price drops, then Fortescue shares would likely fall too. This could provide another potential boost for the Fortescue share price moving forward. Whilst the shorter-term outlook could be volatile for the Fortescue share price, I’m staying focused on the long-term investment outlook. Based on the current Fortescue share price and exchange rates, this will mean yields of 2.5%, 2%, and then 2.05%, respectively.27 days ago Motley Fool
Undoubtedly, it’s hard to tell how much recession risk is truly priced into any income stock at this juncture. Consider Canadian Tire (TSX:CTC.A) and SmartCentres REIT (TSX:SRU.UN), which boast yields of 4% and 6.73%, respectively, at the time of writing. That beat expectations, causing Canadian Tire shares to jolt higher past the $170 mark. Undoubtedly, Canadian Tire has an opportunity to become somewhat less of a discretionary retailer. SmartCentres REITSmartCentres is a retail REIT that’s getting into the residential space.27 days ago The Motley Fool
The three-year offtake agreement is a big deal for this ASX small-cap lithium share. Learn MoreThe Magnis Energy Technologies Ltd (ASX: MNS) share price is soaring on news it has signed a three-year offtake deal with Tesla Inc (NASDAQ: TSLA). The ASX lithium share opened at 49 cents, up 22.5% on Friday’s closing price, and is now at 47.5 cents. The Magnis share price has been rising, up 25% in the year to date following today’s news. The Magnis share price tumbled by 8% to 40 cents on the news.28 days ago Motley Fool