BHP Group Limited (NYSE:BHP) Declares $1.00 Dividend

BHP Group Limited (NYSE:BHP) declared a dividend on Thursday, February 20th, NASDAQ Dividends reports. Stockholders of record on Friday, March 7th will be paid a dividend of 1.00 per share by the mining company on Thursday, March 27th. The ex-dividend date is Friday, March 7th.

BHP Group has decreased its dividend payment by an average of 21.4% per year over the last three years. BHP Group has a payout ratio of 45.5% indicating that its dividend is sufficiently covered by earnings. Equities research 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

NYSE:BHP traded down $0.70 during mid-day trading on Friday, reaching $51.42. The stock had a trading volume of 2,155,939 shares, compared to its average volume of 2,235,408. The firm has a 50 day moving average price of $49.80 and a two-hundred day moving average price of $53.15. BHP Group has a one year low of $48.06 and a one year high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.29 and a current ratio of 1.70.

Wall Street Analysts Forecast Growth

BHP has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

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.