BHP vs RIO: Which Is the Better Dividend Stock?
As of September 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 4.78%, RIO has the higher dividend-safety score, and BHP trades at the larger discount to fair value (-18%).
| Metric | BHP | RIO |
|---|---|---|
| Forward yield | 4.59% | 4.78% |
| 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 | 76% | 54% |
| Dividend safety score | 56 (C) | 63 (C) |
| Fair value estimate | $70.88 | $69.45 |
| Upside to fair value | -18% | -29% |
| Frequency | semiannual | semiannual |
| Market cap | $219.3B | $158.4B |
| P/E ratio | 22.3 | 13.2 |
Higher yield
RIO
4.78%
Safer dividend
RIO
Grade C
Faster growth
RIO
-0.7%
Better value
BHP
-18% upside
BHP vs RIO — FAQ
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