BHP Group Limited Sponsored ADR (NYSE:BHP) to Issue $1.98 Dividend

BHP Group Limited Sponsored ADR (NYSE:BHP) declared a dividend on Monday, August 24th. Investors 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 payment by an average of 0.0%annually over the last three years. BHP Group has a dividend payout ratio of 70.3% indicating that its dividend is sufficiently covered by earnings. 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 Up 1.1%

BHP traded up $1.03 during trading hours on Tuesday, reaching $98.16. The company’s stock had a trading volume of 1,348,450 shares, compared to its average volume of 3,301,414. BHP Group has a fifty-two week low of $51.83 and a fifty-two week high of $98.13. The business’s 50-day moving average is $85.58 and its 200-day moving average is $81.04. The company has a current ratio of 1.88, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

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.