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

BHP Group Limited (NYSE:BHP) announced a Semi-Annual dividend on Tuesday, August 27th, Zacks reports. Stockholders of record on Friday, September 13th will be given a dividend of 1.465 per share by the mining company on Thursday, October 3rd. This represents a dividend yield of 5.2%. 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 58.5% meaning its dividend is sufficiently covered by earnings. Analysts expect BHP Group to earn $5.12 per share next year, which means the company should continue to be able to cover its $2.96 annual dividend with an expected future payout ratio of 57.8%.

BHP Group Price Performance

Shares of BHP opened at $51.32 on Wednesday. The company’s 50 day moving average price is $55.01 and its 200 day moving average price is $56.85. BHP Group has a 52 week low of $50.90 and a 52 week high of $69.11. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

Wall Street Analysts Forecast Growth

Several analysts have commented on BHP shares. Citigroup started coverage on shares of BHP Group in a research report on Friday, May 31st. They issued a “buy” rating for the company. Barclays reissued an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Finally, StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 28th. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

About BHP Group

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.