BHP Group Limited Sponsored ADR (NYSE:BHP) Announces $1.46 Dividend

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

BHP Group has decreased its dividend payment by an average of 0.0%per year over the last three years. BHP Group has a payout ratio of 57.7% meaning 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 $2.37 annual dividend with an expected future payout ratio of 56.8%.

BHP Group Price Performance

BHP traded down $0.77 on Thursday, hitting $73.76. 694,054 shares of the stock were exchanged, compared to its average volume of 4,458,950. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $65.67 and a two-hundred day moving average of $58.79. BHP Group has a 12 month low of $39.73 and a 12 month high of $75.54.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in BHP Group by 1.3% during the fourth quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock valued at $727,000 after purchasing an additional 150 shares during the last quarter. Bailard Inc. increased its stake in BHP Group by 1.4% in the 4th quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock worth $748,000 after acquiring an additional 174 shares during the last quarter. Addison Advisors LLC lifted its position in BHP Group by 31.8% during the fourth quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock valued at $45,000 after purchasing an additional 181 shares during the last quarter. Financial Management Professionals Inc. increased its stake in BHP Group by 3.0% in the third quarter. Financial Management Professionals Inc. now owns 6,418 shares of the mining company’s stock valued at $358,000 after acquiring an additional 185 shares during the last quarter. Finally, TT Capital Management LLC lifted its position in BHP Group by 3.5% in the 2nd quarter. TT Capital Management LLC now owns 5,617 shares of the mining company’s stock worth $270,000 after buying an additional 190 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

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.