BHP Billiton Limited (BHP) To Go Ex-Dividend on January 10th

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BHP Billiton Limited (NYSE:BHP) announced 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 of this dividend is Thursday, January 10th. This is an increase from BHP Billiton’s previous dividend of $0.32.

BHP Billiton has decreased its dividend by an average of 1.6% per year over the last three years and has raised its dividend every year for the last 2 years. BHP Billiton has a dividend payout ratio of 73.0% indicating that its dividend is sufficiently covered by earnings. 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%.

BHP Billiton stock traded up $0.31 during midday trading on Wednesday, reaching $49.64. 1,526,483 shares of the stock were exchanged, compared to its average volume of 3,187,803. 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 PE ratio of 14.77, a price-to-earnings-growth ratio of 2.58 and a beta of 0.79. BHP Billiton has a 52 week low of $43.10 and a 52 week high of $52.62.

A number of equities analysts have commented on the stock. ValuEngine raised shares of BHP Billiton from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Zacks Investment Research raised shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Thursday, November 22nd. Sanford C. Bernstein raised shares of BHP Billiton to a “buy” rating in a research note on Thursday, December 20th. Deutsche Bank cut shares of BHP Billiton from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. cut shares of BHP Billiton from an “overweight” rating to a “neutral” rating in a research note on Thursday, December 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. BHP Billiton currently has an average rating of “Hold” and an average price target of $48.00.

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About BHP Billiton

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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