Where to invest your Rio Tinto (ASX:RIO) dividends

Today is pay day for Rio Tinto Limited (ASX: RIO) shareholders.

This morning the mining giant paid its $5.17 per share fully franked dividend to eligible shareholders.

While many investors will use these funds as a source of income, others may want to invest it back into the share market.

If you’re in the latter group, then you might want to consider buying the ASX shares listed below. Here’s why they are highly rated:

If you’re looking for more dividends, then you might want to take a look at this supermarket operator.

Coles has been a consistently strong performer since its demerger from Wesfarmers Ltd (ASX: WES). This has been driven by its strong market position, increasing penetration of own brand products, and its…