BHP Billiton Limited (NYSE:BHP) announced a Semi-Annual dividend on Tuesday, February 20th, Zacks reports. Investors of record on Friday, March 9th will be paid a dividend of 1.10 per share by the mining company on Tuesday, March 27th. This represents a dividend yield of 4.73%. The ex-dividend date of this dividend is Thursday, March 8th. This is an increase from BHP Billiton’s previous Semi-Annual dividend of $0.86.
BHP Billiton has decreased its dividend by an average of 11.8% per year over the last three years. BHP Billiton has a payout ratio of 59.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect BHP Billiton to earn $2.77 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 62.1%.
Shares of BHP Billiton (NYSE:BHP) traded up $0.80 during mid-day trading on Wednesday, hitting $45.60. The company had a trading volume of 430,424 shares, compared to its average volume of 3,024,137. BHP Billiton has a 52-week low of $33.37 and a 52-week high of $50.79. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.75 and a quick ratio of 1.40.
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About BHP Billiton
BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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