BHP Group Limited Announces $1.00 Dividend

BHP Group Limited (NYSE:BHP) declared a dividend on Thursday, February 20th. Shareholders who are on record as of Friday, March 7th will receive a dividend of $1.00 per share on Thursday, March 27th. The ex-dividend date is also Friday, March 7th.

BHP Group has seen a decrease in its dividend payments over the past three years, averaging a reduction of 21.4% annually. However, the company maintains a payout ratio of 45.5%, indicating that its dividend is well supported by its earnings. Analysts predict that BHP Group will earn $4.17 per share in the coming year, suggesting that it will continue to comfortably cover its $2.00 annual dividend, with an expected future payout ratio of 48.0%.

BHP Group Stock Performance

On Friday, shares of BHP Group traded down $0.70, closing at $51.42. The trading volume was 2,155,939 shares, close to the average volume of 2,235,408 shares. The company's stock has a twelve-month low of $48.06 and a high of $63.21. BHP Group's financial metrics show a debt-to-equity ratio of 0.40, while it has a current ratio of 1.70 and a quick ratio of 1.29. The 50-day moving average price for the stock is $49.80, and the 200-day moving average is $53.15.

Analysts Set New Price Targets

Recently, a number of analysts have released reports regarding BHP Group shares. For instance, Jefferies Financial Group reduced their price target for BHP from $57.00 to $53.00 and maintained a "hold" rating on the stock as of January 6th. Additionally, StockNews.com downgraded BHP from a "strong-buy" to a "buy" rating in a report published on Wednesday. In total, three analysts have designated the stock with a hold rating, three others have given it a buy rating, and one has issued a strong buy rating. According to MarketBeat, BHP Group currently holds an average rating of "Moderate Buy" along with a consensus price target of $53.00.

BHP Group Company Profile

BHP Group Limited is a global resources company that operates in regions such as Australia, Europe, China, Japan, India, South Korea, and North and South America. The company primarily engages in mining activities across various segments including Copper, Iron Ore, and Coal. Its operations cover the extraction of materials such as copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and both metallurgical and energy coal.

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