BHP Billiton Limited (NYSE:BHP) Declares Semi-Annual Dividend of $1.10

BHP Billiton Limited (NYSE:BHP) declared a Semi-Annual dividend on Tuesday, February 20th, Zacks reports. Shareholders of record on Friday, March 9th will be given a dividend of 1.10 per share by the mining company on Tuesday, March 27th. This represents a 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 payment by an average of 11.8% per year over the last three years. BHP Billiton has a dividend 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 NYSE:BHP traded up $0.94 during trading hours on Thursday, hitting $44.43. 3,185,261 shares of the company’s stock traded hands, compared to its average volume of 3,022,241. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.40 and a current ratio of 1.75. BHP Billiton has a 52 week low of $33.37 and a 52 week high of $50.79.

Several analysts recently commented on the stock. BNP Paribas raised their price target on shares of BHP Billiton from $33.37 to $44.21 and gave the stock a “neutral” rating in a report on Tuesday, March 20th. Cowen set a $50.00 price target on shares of BHP Billiton and gave the company a “market perform” rating in a research report on Friday, March 23rd. Deutsche Bank lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research report on Tuesday, February 20th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, Citigroup downgraded shares of BHP Billiton from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 21st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $39.37.

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BHP Billiton Company Profile

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.

Dividend History for BHP Billiton (NYSE:BHP)

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