BHP Group Limited Sponsored ADR (NYSE:BHP) Declares $1.46 Dividend

BHP Group Limited Sponsored ADR (NYSE:BHP) declared a dividend on Wednesday, February 18th. Investors of record on Friday, March 6th will be given a dividend of 1.46 per share by the mining company on Thursday, March 26th. This represents a dividend yield of 399.0%. The ex-dividend date of this dividend is Friday, March 6th.

BHP Group has decreased its dividend payment by an average of 0.0%annually over the last three years. BHP Group has a dividend payout ratio of 57.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect BHP Group to earn $4.17 per share next year, which means the company should continue to be able to cover its $2.37 annual dividend with an expected future payout ratio of 56.8%.

BHP Group Trading Down 0.6%

BHP traded down $0.46 during midday trading on Thursday, reaching $74.07. The company’s stock had a trading volume of 818,542 shares, compared to its average volume of 4,462,728. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The company has a fifty day simple moving average of $65.67 and a 200 day simple moving average of $58.79. BHP Group has a twelve month low of $39.73 and a twelve month high of $75.54.

Institutional Investors Weigh In On BHP Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC increased its stake in shares of BHP Group by 222.1% in the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after buying an additional 291 shares in the last quarter. Hilton Head Capital Partners LLC acquired a new stake in BHP Group in the 4th quarter valued at about $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of BHP Group during the fourth quarter worth approximately $26,000. Caldwell Trust Co bought a new stake in shares of BHP Group during the second quarter valued at approximately $31,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of BHP Group in the fourth quarter valued at approximately $39,000. 3.79% of the stock is owned by institutional investors and hedge funds.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.