BHP Group Limited Sponsored ADR (NYSE:BHP) to Issue Dividend of $1.46

BHP Group Limited Sponsored ADR (NYSE:BHP) announced a dividend on Wednesday, February 18th. Stockholders of record on Friday, March 6th will be given a dividend of 1.46 per share by the mining company on Thursday, March 26th. This represents a dividend yield of 399.0%. The ex-dividend date is Friday, March 6th.

BHP Group has decreased its dividend by an average of 0.0%annually over the last three years. BHP Group has a payout ratio of 57.7% meaning its dividend is sufficiently covered by earnings. 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 $2.37 annual dividend with an expected future payout ratio of 56.8%.

BHP Group Stock Performance

BHP stock traded down $0.77 during mid-day trading on Thursday, reaching $73.76. 694,054 shares of the stock traded hands, compared to its average volume of 4,458,950. BHP Group has a 52-week low of $39.73 and a 52-week high of $75.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11. The stock’s fifty day moving average is $65.67 and its 200-day moving average is $58.79.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Tuesday, December 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a report on Wednesday. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Tuesday, February 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $56.00.

BHP Group Company Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.