BHP Group Limited (BHP) To Go Ex-Dividend on March 7th

BHP Group Limited (NYSE:BHP) announced a dividend on Thursday, February 20th, NASDAQ Dividends reports. Investors 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 of this dividend is Friday, March 7th.

BHP Group has decreased its dividend by an average of 21.4% annually over the last three years. BHP Group has a dividend payout ratio of 45.5% 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 $2.00 annual dividend with an expected future payout ratio of 48.0%.

BHP Group Trading Down 1.3 %

Shares of BHP Group stock traded down $0.70 on Friday, reaching $51.42. 2,155,939 shares of the stock were exchanged, compared to its average volume of 2,235,408. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.40. BHP Group has a twelve month low of $48.06 and a twelve month high of $63.21. The business has a 50 day moving average price of $49.80 and a two-hundred day moving average price of $53.15.

Analyst Ratings Changes

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

About BHP Group

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.