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

BHP Group Limited Sponsored ADR (NYSE:BHP) announced a dividend on Monday, August 24th. Stockholders of record on Friday, September 4th will be given 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 of this dividend is Friday, September 4th.

BHP Group has decreased its dividend by an average of 0.0%per year over the last three years. BHP Group has a dividend 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

Shares of NYSE BHP traded up $0.90 during midday trading on Tuesday, hitting $98.03. 1,303,085 shares of the company’s stock traded hands, compared to its average volume of 3,301,271. The firm has a fifty day moving average of $85.58 and a 200 day moving average of $81.04. BHP Group has a 1 year low of $51.83 and a 1 year high of $97.96. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.88 and a quick ratio of 1.48.

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.