BHP Billiton Limited (BHP) Increases Dividend to $2.04 Per Share

BHP Billiton Limited (NYSE:BHP) announced a dividend on Monday, December 17th, NASDAQ reports. Shareholders of record on Friday, January 11th will be given a dividend of 2.04 per share by the mining company on Wednesday, January 30th. The ex-dividend date is Thursday, January 10th. This is a positive change from BHP Billiton’s previous dividend of $0.32.

BHP Billiton has decreased its dividend payment by an average of 1.6% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. BHP Billiton has a payout ratio of 73.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect BHP Billiton to earn $3.28 per share next year, which means the company should continue to be able to cover its $2.52 annual dividend with an expected future payout ratio of 76.8%.

BHP stock opened at $49.74 on Wednesday. The company has a quick ratio of 2.24, a current ratio of 2.51 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $79.05 billion, a PE ratio of 14.80, a P/E/G ratio of 2.58 and a beta of 0.79. BHP Billiton has a 1 year low of $43.10 and a 1 year high of $52.62.

A number of research firms have recently issued reports on BHP. Deutsche Bank lowered BHP Billiton from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded BHP Billiton from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Sanford C. Bernstein upgraded BHP Billiton to a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research lowered BHP Billiton from a “buy” rating to a “hold” rating in a research report on Monday, December 10th. Finally, JPMorgan Chase & Co. lowered BHP Billiton from an “overweight” rating to a “neutral” rating in a research report on Thursday, December 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $48.00.

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BHP Billiton Company Profile

BHP Billiton Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ore, as well as metallurgical and energy coal, and oil and gas properties.

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Dividend History for BHP Billiton (NYSE:BHP)

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