BHP Group Limited Declares $1.00 Dividend

BHP Group Limited (NYSE:BHP) announced a dividend of $1.00 per share on Thursday, February 20th. This dividend payout will be made to shareholders of record on March 7th, with the payment date set for March 27th. The ex-dividend date for this distribution is also March 7th.

BHP Group has a history of adjusting its dividends, having decreased its payment by an average of 21.4% annually over the past three years. However, the company's current payout ratio stands at 45.5%, indicating that its dividend is well covered by earnings. Analysts anticipate that BHP Group will earn approximately $4.17 per share next year, suggesting that it will continue to maintain its quarterly dividend payment of $2.00, with an expected future payout ratio of 48.0%.

BHP Group Stock Performance Overview

On Friday, BHP Group shares traded down by $0.70 to reach $51.42. During the trading session, about 2,155,939 shares were exchanged, which is lower than the average volume of 2,235,408 shares. Over the past year, the company's stock has seen a low of $48.06 and a high of $63.21. Financial ratios reveal a debt-to-equity ratio of 0.40, a current ratio of 1.70, and a quick ratio of 1.29. The 50-day moving average for the stock is currently $49.80, while the 200-day moving average is at $53.15.

Analysts Update Price Targets for BHP Group

In recent reports, several analysts have commented on BHP Group's stock performance. For instance, Jefferies Financial Group lowered their price target for BHP shares from $57.00 to $53.00, also designating the stock with a "hold" rating on January 6th. Additionally, StockNews.com has adjusted its rating from "strong-buy" to "buy" for BHP Group. Presently, the consensus indicates three analysts have rated the stock as a hold, three as a buy, and one as a strong buy. The average rating for BHP Group stands at "Moderate Buy" with a consensus price target of $53.00.

BHP Group Company Background

BHP Group Limited is a global resources company operating across various continents including Australia, Europe, Asia, and North America. The company is involved in multiple segments such as Copper, Iron Ore, and Coal. Its operations cover the mining of essential resources including copper, uranium, gold, and several other minerals.

Conclusion

The announcement of BHP Group's dividend reflects its efforts to maintain shareholder returns amid market fluctuations. Investors will be keenly watching how the company continues to manage its dividends in line with its earnings expectations moving forward.

Dividend, Stocks, BHP