BHP Group Limited Declares Semi-annual Dividend of $1.00 (NYSE:BHP)

BHP Group Limited (NYSE:BHP - Get Free Report) declared a semi-annual dividend on Thursday, February 20th, NASDAQ Dividends reports. Investors of record on Friday, March 7th will be paid a dividend of 1.00 per share by the mining company on Thursday, March 27th. This represents a dividend yield of 4.8%. The ex-dividend date is Friday, March 7th.

BHP Group has decreased its dividend payment by an average of 21.4% per year over the last three years. BHP Group has a dividend payout ratio of 45.5% meaning its dividend is sufficiently covered by earnings. Analysts expect BHP Group to earn $4.17 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 48.0%.

BHP Group Price Performance

Shares of BHP Group stock opened at $50.20 on Thursday. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group has a 1 year low of $48.06 and a 1 year high of $63.21. The firm's 50 day moving average is $49.81 and its 200 day moving average is $53.09.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group cut their price target on shares of BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. StockNews.com cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, BHP Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.