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

BHP Group Limited (NYSE:BHP) announced a dividend on Thursday, February 20th, NASDAQ Dividends reports. Shareholders of record on Friday, March 7th will be given 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. 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 Trading Down 1.3 %

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BHP. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Jefferies Financial Group dropped their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.