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

BHP Billiton Limited (NYSE:BHP) declared a dividend on Monday, December 17th, NASDAQ reports. Investors 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 by an average of 1.6% annually over the last three years and has increased its dividend every year for the last 2 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%.

NYSE BHP opened at $49.98 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 2.24 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $79.05 billion, a P/E ratio of 14.87, a P/E/G ratio of 2.58 and a beta of 0.79. BHP Billiton has a 12 month low of $43.10 and a 12 month high of $52.62.



BHP has been the topic of a number of recent analyst reports. Sanford C. Bernstein raised shares of BHP Billiton to a “buy” rating in a research report on Thursday, December 20th. Deutsche Bank raised shares of BHP Billiton to a “buy” rating in a research report on Thursday, December 20th. Zacks Investment Research raised shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Thursday, October 11th. ValuEngine raised shares of BHP Billiton from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. downgraded shares of BHP Billiton from an “overweight” rating to a “neutral” rating in a research report on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus 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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