Today, we’re highlighting a cash-gushing industry leader…
Longtime readers know investing in “World Dominators” is one of the best, safest strategies for making money in stocks.
They’re often the No. 1 companies in their industries. Today, we check in on one such company…
Rio Tinto (RIO) is one of the largest metals and mining corporations in the world. It produces copper, iron ore, aluminum, uranium, and more.
Rio Tinto drew in about $34 billion in revenue in 2016, with $7 billion in gross profit.
But rewarding shareholders is where this company really shines… During the last year, it announced $8.2 billion in cash returns to shareholders – including $4.2 billion in dividends.
And just last week, it launched a new share-buyback program of nearly $2 billion.
As you can see in the chart below, shares of Rio Tinto are soaring. They’re up more than 40% in the past year… And they recently broke out to new 52-week highs. Watch for more gains from this World Dominator…
Source: Daily Wealth’s Market Notes