BHP Group Limited (BHP) to Issue Semi-Annual Dividend of $1.47 on October 3rd

BHP Group Limited (NYSE:BHP) declared a Semi-Annual dividend on Tuesday, August 27th, Zacks reports. Shareholders of record on Friday, September 13th will be paid a dividend of 1.465 per share by the mining company on Thursday, October 3rd. The ex-dividend date of this dividend is Friday, September 13th. This is an increase from BHP Group’s previous Semi-Annual dividend of $1.44.

BHP Group has a payout ratio of 55.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BHP Group to earn $5.25 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 54.9%.

BHP Group Stock Performance

Shares of NYSE BHP traded up $0.64 during midday trading on Thursday, hitting $55.06. The company’s stock had a trading volume of 1,027,857 shares, compared to its average volume of 2,437,587. The firm has a market cap of $139.46 billion, a P/E ratio of 10.55, a P/E/G ratio of 3.45 and a beta of 0.98. BHP Group has a 1-year low of $51.73 and a 1-year high of $69.11. The firm’s fifty day moving average price is $55.80 and its 200-day moving average price is $57.28. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays reiterated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Citigroup assumed coverage on shares of BHP Group in a research report on Friday, May 31st. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.