BHP vs RIO: Which Is the Better Dividend Stock?
As of Nov 5, 2026, RIO (Rio Tinto Group) screens as the stronger dividend stock, winning 5 of 7 head-to-head metrics. RIO offers the higher yield at 5.50%, RIO has the higher dividend-safety score, and BHP looks like the better value (its fair-value estimate is 12% below its share price).
Key facts: BHP vs RIO
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Rio Tinto Group (RIO) has the higher forward dividend yield at 5.50%, versus 4.94% for BHP Group Limited (BHP).
- As of Nov 5, 2026, SmarterDividends grades BHP's dividend safety C (56/100) and RIO's C (63/100).
- As of Nov 5, 2026, BHP pays out 69% of its earnings as dividends and RIO pays out 54%.
- As of Nov 5, 2026, BHP's fair-value estimate is 12% below its share price and RIO's fair-value estimate is 19% below its share price, so BHP looks like the better value of the two on SmarterDividends' blended model.
Cite this page
SmarterDividends, "BHP vs RIO: Dividend Yield, Safety & Value Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/bhp-vs-rio
| Metric | BHP | RIO |
|---|---|---|
| Forward yield | 4.94% | 5.50% |
| Annual dividend | $3.96 | $4.65 |
| Payout ratio | 69% | 54% |
| Years of growth | 0 yr | 0 yr |
| 5-yr dividend growth | -1.4% | -0.7% |
| 5-yr total return | 58% | 31% |
| Dividend safety score | 56 (C) | 63 (C) |
| Fair value estimate | $69.99 | $68.37 |
| Upside to fair value | -12% | -19% |
| Frequency | semiannual | semiannual |
| Market cap | $202.7B | $137.5B |
| P/E ratio | 20.7 | 11.5 |
Higher yield
RIO
5.50%
Safer dividend
RIO
Grade C
Faster growth
RIO
-0.7%
Better value
BHP
-12% upside
BHP vs RIO — FAQ
Is BHP or RIO a better dividend stock?
On the data, RIO wins more head-to-head categories (5 vs 2). RIO offers the higher yield (5.50%), while RIO has the stronger dividend-safety score. The right pick depends on whether you prioritise income, safety or value.
Which has a higher dividend yield, BHP or RIO?
RIO has the higher forward dividend yield at 5.50%, versus 4.94% for BHP.
Is BHP or RIO safer?
RIO has the higher dividend-safety score (63/100 vs 56/100), reflecting stronger payout coverage and dividend-growth history.
Is BHP or RIO better value right now?
As of Nov 5, 2026, BHP looks like the better value: its fair-value estimate is 12% below its share price (fairly valued). For RIO, its fair-value estimate is 19% below its share price.
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See more dividend stock comparisons · data refreshes daily · for informational purposes only, not investment advice.