BHP Group Limited Declares $1.00 Dividend

BHP Group Limited (NYSE:BHP) announced a dividend on February 20th. Shareholders who are on record by March 7th will receive a dividend of $1.00 per share on March 27th. The ex-dividend date is also March 7th.

In recent years, BHP Group has experienced a reduction in its dividend payments, averaging a decrease of 21.4% annually over the last three years. Currently, the company has a payout ratio of 45.5%, indicating that its earnings sufficiently cover the dividend payments. Analysts predict that BHP Group will earn $4.17 per share in the coming year, suggesting that the company should maintain its $2.00 annual dividend with an expected future payout ratio of 48.0%.

Stock Performance Overview

Shares of BHP Group traded down $0.70 on Friday, bringing the stock price to $51.42. A total of 2,155,939 shares changed hands, which is slightly below the average trading volume of 2,235,408 shares. Over the past year, BHP Group's stock has seen a low of $48.06 and a high of $63.21. The company holds a debt-to-equity ratio of 0.40, while its current and quick ratios are 1.70 and 1.29, respectively. The 50-day moving average price stands at $49.80, with a 200-day moving average price of $53.15.

Analyst Ratings and Price Targets

Recently, various analysts shared insights on BHP shares. For instance, Jefferies Financial Group lowered its price target for BHP Group from $57.00 to $53.00, maintaining a 'hold' rating. Meanwhile, StockNews.com changed its rating from 'strong-buy' to 'buy.' At present, some analysts have rated the stock as holding, while others have given buy or strong buy ratings. Currently, BHP Group holds an average rating of 'Moderate Buy' and has a consensus price target of $53.00.

Company Profile

BHP Group Limited operates as a diverse resources company in several regions, including Australia, Europe, China, Japan, India, South Korea, and North America. The company is divided into segments for Copper, Iron Ore, and Coal, and engages in the mining of various minerals including copper, uranium, gold, and iron ore, among others.

Investors should consider whether BHP Group is a suitable addition to their portfolios based on its current dividend announcements and overall financial health.

BHP, dividend, stocks