Bhp Share Discussion Threads

[ariane] 15/10/2022 13:41

Here’s the BHP dividend forecast for 2022 to 2024

This mining giant has paid out some huge dividends recently. Here, Edward Sheldon looks at the BHP

Group dividend forecast for the years ahead.

Edward Sheldon, CFA❯

Published 15 October, 8:47 am BST



Mining powerhouse BHP Group (LSE: BHP) has been a bit of a cash cow for investors in recent years.

Last financial year, for example, it rewarded shareholders with total regular dividends of USD $3.25 per share, which translates to a yield of about 13% at the current share price.

Is the company set to continue paying out monster dividends going forward? Let’s take a look at the BHP dividend forecast for the years ahead.


BHP dividend forecasts

First, there are a couple of things to explain.

The first is that BHP’s financial year ends on 30 June. So, the year ending 30 June 2023 is ‘FY2023’. The following year is ‘FY2024’.




The second is that BHP reports its financials, and declares its dividends, in US dollars. So, all forecasts are in dollars. This is important to note because the GBP/USD exchange rate is quite volatile at the moment. In other words, the yield on offer today could be quite different to the yield when the dividends are actually paid if exchange rates fluctuate.

As for the forecasts, right now City analysts expect BHP to pay out $2.09 per share for FY2023 and $1.86 per share for FY2024.

These projected payouts are lower than the $3.25 paid last financial year. However, they still translate to very high yields.

At today’s share price and exchange rate, the projected payout for FY2023 equates to a prospective yield of 8.3% while the estimated payout for FY2024 translates to a prospective yield of 7.4%.

Assuming that these dividend forecasts are accurate (analysts’ estimates can be way off the mark at times), BHP looks set to continue being a cash cow for investors.


Are BHP shares worth buying for income?

Would I buy BHP shares for the big dividends on offer?

The answer to that question is actually no.

One reason I’d pass on BHP is that the stock is ‘cyclical̵7; (mining companies’ profits rise and fall depending on commodity prices) and, therefore, quite volatile. For example, between mid-2014 and early 2016, BHP’s share price fell from near 1,600p to near 500p.


I don’t see the point of collecting a 8% yield if the share price can potentially fall around 70% like it did here. I’d need many years of dividends to make up for that kind of capital loss.


I prefer dividend stocks that are a little more stable in nature.

Another issue for me is the fact that BHP tends to cut its dividend when business conditions are challenging.

This is not ideal from an income-investing perspective.

I prefer to invest in companies that consistently increase their dividend payouts year after year.

I can rely on these kinds of businesses to provide me with a certain level of income.

So, while the yield here does look very attractive, I won’t be buying the shares for my portfolio any time soon.




Ed Sheldon has no position in any of the shares mentioned. The Motley Fool UK

[j4ckthehat] 08/10/2022 19:29

https://m.dailyhunt.in/news/india/english/moneyco0581749434206-epaper-dh7a9fe6ff1e384d01b8c5d59183b9bde1/how+a+ban+on+russias+mining+giants+could+shake+the+metals+world-newsid-n429865802

[florenceorbis] 04/10/2022 10:19

Fake offer to invest in BHP bonds

04 October 2022



BHP has become aware of fraudulent offers inviting members of the public to invest in BHP bonds.

Scammers are pretending to represent well-known financial services firms and banks to offer fake BHP bonds.

An example of a fake bond scam that has come to our attention involves falsified Citi comparison rate brochures offering long-term deposit interest rates of 6.50%. Below is an extract from the scammer's brochure.

Bond scam

Citi has confirmed that that it is in no way associated with the offering or issuing of these fake BHP bonds.

This is an incident involving the unauthorised use of BHP’s name and transactions designed to defraud members of the public.

Details of the BHP bonds that have been issued are outlined on our Debt Investors page. If you would like information about BHP’s authorised bonds, please contact Investor Relations.

If you believe you are a victim of this scam or you have received any calls or emails about a similar scam, please contact the Australian Securities and Investment Commission (ASIC) to help them identify those involved.

You can find more information about scams of this kind from the ASIC.

If you believe your personal identity or personal information has been compromised, stolen or misused, you can also contact IDCARE. IDCARE is able to assist Australian and New Zealand residents.

Last updated: 4 October 2022

[a0469514] 04/10/2022 10:08

The slide presentation on the Western Australia Iron ore operations, now available through the RNS or the website, is very interesting and impressive. Definitely worth a look.Xylos

[gateside] 03/10/2022 21:58

Up over 3% in the US tonight

[maywillow] 03/10/2022 07:22

Release Time IMMEDIATE
Date 3 October 2022
Number 32/22


2022 NOTICE OF MEETING

BHP Group Limited (BHP) will hold its 2022 Annual General Meeting (AGM) at the Perth Convention and Exhibition Centre, 21 Mounts Bay Road, Perth, Western Australia on Thursday 10 November 2022, starting at 10:00am (Perth time).

The Notice of Meeting and Proxy Form can be accessed via BHP's website at bhp.com/limitedagm.

The following documents have also been submitted to the FCA National Storage Mechanism and will shortly be available for inspection at: hxxps://data.fca.org.uk/#/nsm/nationalstoragemechanism

- BHP Notice of Meeting 2022
- BHP Proxy Form 2022 (Australia)
- BHP Proxy Form 2022 (South Africa)

In accordance with Regulation 7.11.37 of the Australian Corporations Regulations 2001 (Cth), persons who are registered holders of shares in BHP as at 4:00pm (Perth time) on Tuesday 8 November 2022 will be entitled to attend and vote at the AGM as a shareholder. Share transfers registered after that time will be disregarded in determining entitlements to attend and vote at the AGM.

Shareholders entitled to attend and vote at the meeting have the right to appoint a proxy to attend and vote for them. The proxy does not need to be a shareholder of BHP and can be an individual or a body corporate. To appoint a proxy, shareholders must submit their proxy form no later than 10:00am (Perth time) on Tuesday 8 November 2022. The Proxy Form (Australia) available on BHP's website is only for use by shareholders who hold their shares in BHP directly on the Australian Securities Exchange (ASX).

The way shareholders hold their BHP shares may have changed following the unification of BHP's dual listed company structure in January 2022. If shareholders hold BHP shares that are traded on an exchange other than the ASX, they can attend the meeting in person as a guest or watch the webcast online at bhp.com/limitedagm. Shareholders who hold BHP shares that are traded on an exchange other than the ASX and would like to vote on the resolutions that will be proposed at the AGM should do so in advance of the meeting by following the instructions set out in the Notice of Meeting.

If shareholders would like more information about their shareholdings or how to participate in the AGM, please contact BHP's registrar Computershare via www.investorcentre.com/contact or by phone on 1300 656 780 (within Australia) or [phone] (outside Australia).

Authorised for lodgement by:

Stefanie Wilkinson

Group Company Secretary

[gibbs1] 08/9/2022 10:09

2022 annual general meeting

BHP Group Limited (BHP) advises that its 2022 Annual General Meeting will be held on Thursday, 10 November 2022.

The closing date for receipt of nominations from persons wishing to be considered for election as a Director of the Board of BHP is Thursday, 15 September 2022.

[gibbs1] 08/9/2022 10:07

Just above strong support

[waldron] 07/9/2022 16:10

Iain Gilbert
Sharecast News
07 Sep, 2022 15:49

Analysts at Berenberg reiterated their 'hold' rating on mining giant BHP on Wednesday, stating its recently announced bid for OZ Minerals was "sensible" but "too low".

On 7 August, BHP announced an offer to acquire ASX-listed OZ Minerals at AUD $25.0 (£14.64) per share, following rival Rio Tinto's offer to acquire the minorities of Turquoise Hill Resources.

"In both scenarios, the offers were rejected, suggesting opportunistic timing by the acquirors, with the acquirees likely indicating that full value was not recognised in each case," said Berenberg.

The German bank stated that BHP's offer took some parts of the market by surprise, in terms of both the identity of the target and whether this was the start of a new wave of "value-destructive M&A" by the firm.

"We do not believe either is the case: OZ is a decent business with good assets, which we think offer upside in the broader BHP portfolio. While the upside to the OZ deal needs a bit more explaining than other M&A (eg Rio/TRQ), we see value in it and think BHP will need to pay more to secure the assets, as the OZ share price implies," said the analysts, who also reiterated their 2,100.0p target price on the stock.

"We think an eventual valuation in the low AUD $30s per share is a sensible price to pay, given risks and opportunities."

[gibbs1] 06/9/2022 11:29

Logo BHP Group Plc


BHP Group Limited is an Australia-based resources company. The Company is a producer of commodities, including iron ore, copper, nickel, potash, metallurgical (steelmaking) coal.


It is focused on offering a range of resources, which provides copper for renewable energy; nickel for electric vehicles.; potash for sustainable farming, and iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition.


Its segments include Copper, Iron Ore and Coal. Its Copper segment is engaged in mining of copper, silver, zinc, molybdenum, uranium and gold. Its Iron Ore segment is engaged in mining of iron ore.


Its Coal segment is engaged in mining of metallurgical coal and energy coal. The Company's operations are situated in approximately 90 locations, including Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America and South America.

[gibbs1] 06/9/2022 11:26

Does BHP own coal mines?


We have seven operating coal mines in the Bowen Basin area of Central Queensland in Australia.

[montyhedge] 06/9/2022 11:22

What coal mines have BHP got ?

[waldron] 05/9/2022 16:42

5 September 2022

To: London Stock Exchange (LSE) JSE Limited (JSE)


Notice of Dividend Currency Exchange Rates - 2022 Final Dividend

On 16 August 2022, the Board of BHP determined to pay a final dividend of 175 US cents per share for the year ended 30 June 2022. Currency conversions are based on foreign currency exchange rates on a single day or an average for a period of days ending on or before the Record Date, being 2 September 2022.

For the 2022 final dividend:

(i) the Australian dollar currency conversion will be based on the average rate over a five day period commencing on 29 August 2022 and ending on 2 September 2022;

(ii) the GBP pounds sterling currency conversion will be based on the average rate over a two day period commencing on 1 September 2022 and ending on 2 September 2022;

(iii) the New Zealand dollar currency conversion will be based on the rate on 2 September 2022; and

(iv) the South African rand currency conversion will be based on the average rate over a two day period commencing on 19 August 2022 and ending on 22 August 2022 [1] .

The following table sets out the currency exchange rates applicable for the dividend:


Dividend 175 US cents Exchange rate Dividend per ordinary
per ordinary share share in local currency
Australian cents 0.685780 255.183878
British pence 1.155400 151.462697
New Zealand cents 0.605817 288.866110
South African cents 16.97685 2,970.94875
-------------- -------------------------


The dividend will be paid on 22 September 2022.

[eggbaconandbubble] 02/9/2022 14:25

Yes, agreed it was a bad day for miners generally and because apparently it is expected that China will be reducing demand because of lock-downs due to Covid.

Now there's something that just doesn't fit quite right with me......

China seems to be the only country in the whole world that has an ongoing major Covid issue (of any significant proportion of the population)

Are the Chinese possibly swinging the lead for some ulterior motive?????

You heard the conspiracy theory here first!!! ;-)

[spawny100] 02/9/2022 09:44

Just BHP exdiv on a bad market day yesterday. RIO also had a large fall and wasn't exdiv.

[eggbaconandbubble] 02/9/2022 09:22

Daler 1966 - I think you missed the point - share price dropped by 50 - 60p odd more than the div.!

[zeppo] 01/9/2022 15:40

If the weak pound stays weak won't that boost dividends s for UK investors.

Maybe I am confused between USA currency and Australian currency?

[eggbaconandbubble] 01/9/2022 15:05

So, Why a 200p drop?

[nk104] 31/8/2022 16:55

$1.75 is over £1.50 per share at $1.16 to £1

It's over £1.45 per share at $1.20 to £1

[la forge] 31/8/2022 07:11

BHP Group Ltd., Caterpillar Inc. and Finning International Inc. have agreed to replace BHP's entire haul truck fleet at the Escondida copper mine in Chile.

The companies said Tuesday that the first of the new trucks, which will be Caterpillar 798 AC electric trucks, are expected to arrive at the mine in the second half of 2023. Delivery of the remaining trucks will extend over the next 10 years.

The companies said that the fleet, currently comprised of over 160 haul trucks, is one of the largest fleets in the global industry.

The copper mine is located in the Antofagasta region in northern Chile, the companies said.

Finning will provide technical support for the fleet through its integrated knowledge center located in the region.



Write to Kathryn Hardison at [e-mail]



(END) Dow Jones Newswires

August 30, 2022 17:39 ET (21:39 GMT)