5 Dividend Stocks With Over 10% Yield

4. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Holders: 21

Forward Dividend Yield: 11.03%   

Rio Tinto Group (NYSE:RIO) operates as a diversified metals and mining company. The firm is one of many mining stocks that have pledged to improve sustainable practices in the business. The company recently announced that it would be spending $7.5 billion on different projects through 2030 as part of a plan to decarbonize assets. The plan also envisions a 50% reduction in operational emissions during the period. 

Rio Tinto Group (NYSE:RIO) stock has fallen in the past few days as China halts the production of steel and iron ore prices jump to new lows. Slowing demand for the metal has also played a part in the Chinese decision to halt production, reports suggest. 

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Rio Tinto Group (NYSE:RIO) with 12.9 million shares worth more than $1 billion.