BHP Group Limited Sponsored ADR (NYSE:BHP) Announces Semi-annual Dividend of $1.19

BHP Group Limited Sponsored ADR (NYSE:BHP) declared a semi-annual dividend on Wednesday, August 20th, Wall Street Journal reports. Stockholders of record on Friday, September 5th will be given a dividend of 1.185 per share by the mining company on Thursday, September 25th. This represents a dividend yield of 410.0%. The ex-dividend date of this dividend is Friday, September 5th. This is a 18.5% increase from BHP Group’s previous semi-annual dividend of $1.00.

BHP Group has a payout ratio of 48.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BHP Group to earn $4.17 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 48.0%.

BHP Group Price Performance

BHP stock opened at $53.5520 on Thursday. The company has a fifty day moving average price of $50.99 and a 200-day moving average price of $49.59. The company has a market capitalization of $135.80 billion, a P/E ratio of 12.17 and a beta of 0.80. BHP Group has a 52-week low of $39.73 and a 52-week high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Argus downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Berenberg Bank reaffirmed a “sell” rating and set a $44.00 price target on shares of BHP Group in a research note on Thursday, July 24th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Wednesday. BMO Capital Markets downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. Finally, Sanford C. Bernstein downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.50.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.