BHP Group Limited (LON:BHP) Plans Dividend Increase – $0.74 Per Share

BHP Group Limited (LON:BHP) declared a dividend on Tuesday, August 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 12th will be given a dividend of $0.74 per share on Thursday, October 3rd. This represents a yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase from BHP Group’s previous dividend of $0.72. The official announcement can be viewed at this link.

BHP Group Trading Up 1.9 %

BHP Group stock traded up GBX 36.50 ($0.48) during mid-day trading on Wednesday, hitting GBX 1,991 ($26.04). The stock had a trading volume of 9,803,746 shares, compared to its average volume of 2,571,046. The stock has a 50-day simple moving average of GBX 2,132.54 and a two-hundred day simple moving average of GBX 2,232.36. The stock has a market capitalization of £100.94 billion, a PE ratio of 1,656.36, a P/E/G ratio of -0.78 and a beta of 0.84. BHP Group has a 12 month low of GBX 1,941.10 ($25.38) and a 12 month high of GBX 2,707.50 ($35.41). The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.26.

Wall Street Analyst Weigh In

Several research firms have weighed in on BHP. Deutsche Bank Aktiengesellschaft cut their target price on shares of BHP Group from GBX 2,250 ($29.42) to GBX 2,100 ($27.46) and set a “hold” rating on the stock in a report on Monday. Berenberg Bank reiterated a “hold” rating and set a GBX 2,000 ($26.15) target price on shares of BHP Group in a report on Wednesday, August 28th. Royal Bank of Canada increased their price target on BHP Group from GBX 4,400 ($57.54) to GBX 4,500 ($58.85) and gave the stock a “sector perform” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. cut their price objective on BHP Group from GBX 2,720 ($35.57) to GBX 2,650 ($34.65) and set a “neutral” rating on the stock in a report on Thursday, July 18th. Finally, Citigroup reissued a “buy” rating and set a GBX 2,500 ($32.69) target price on shares of BHP Group in a research note on Thursday, July 18th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, BHP Group presently has an average rating of “Hold” and an average target price of GBX 2,710 ($35.44).

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.