BHP Group Limited Sponsored ADR (BHP) To Go Ex-Dividend on September 4th

BHP Group Limited Sponsored ADR (NYSE:BHP) announced a dividend on Monday, August 24th. Shareholders of record on Friday, September 4th will be paid a dividend of 1.98 per share by the mining company on Wednesday, September 23rd. This represents a dividend yield of 404.0%. The ex-dividend date is Friday, September 4th.

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 70.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BHP Group to earn $5.17 per share next year, which means the company should continue to be able to cover its $2.89 annual dividend with an expected future payout ratio of 55.9%.

BHP Group Stock Performance

BHP opened at $98.63 on Wednesday. The business’s 50 day moving average is $85.70 and its 200-day moving average is $81.23. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. BHP Group has a twelve month low of $51.83 and a twelve month high of $98.71.

Wall Street Analyst Weigh In

Several analysts recently commented on BHP shares. Bank of America lowered their target price on BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Wall Street Zen lowered BHP Group from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 18th. Finally, Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average target price of $78.00.

About BHP Group

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.