BHP Billiton plc (LON:BLT) announced a dividend on Tuesday, August 21st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 6th will be paid a dividend of $0.63 per share by the mining company on Tuesday, September 25th. This represents a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, September 6th. This is a boost from BHP Billiton’s previous dividend of $0.55. The official announcement can be seen at this link.
Shares of LON:BLT opened at GBX 1,628.40 ($21.01) on Wednesday. BHP Billiton has a 12-month low of GBX 1,103 ($14.23) and a 12-month high of GBX 1,662.40 ($21.44).
Several research firms recently issued reports on BLT. JPMorgan Chase & Co. reduced their price objective on shares of BHP Billiton from GBX 1,945 ($25.09) to GBX 1,910 ($24.64) and set a “neutral” rating for the company in a research note on Thursday, August 23rd. Credit Suisse Group reaffirmed a “neutral” rating on shares of BHP Billiton in a research note on Wednesday. Barclays lifted their price objective on shares of BHP Billiton from GBX 1,800 ($23.22) to GBX 1,850 ($23.86) and gave the company an “overweight” rating in a research note on Monday, May 21st. UBS Group reaffirmed a “buy” rating and issued a GBX 2,000 ($25.80) price objective on shares of BHP Billiton in a research note on Wednesday, July 18th. Finally, HSBC set a GBX 1,860 ($23.99) price objective on shares of BHP Billiton and gave the company a “neutral” rating in a research note on Monday, July 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,714.65 ($22.12).
About BHP Billiton
BHP Billiton Plc, together with its subsidiaries, 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 ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.
See Also: Book Value Per Share – BVPS
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