According to Commsec, BHP shareholder returns have been
1 year 4.7%, 3 years 14.7%, 5 years 9.5%, 10 years 11.7%.
The benefit of a buyback is twofold. One, to cancel the overall number of shares so that the dividend pool is divided by fewer shares.
And two, to support the shareprice if it is on-market. Since the purchases will probably be on the London exchange where they are much cheaper, it won't do much if anything for BHP ASX price.
Benefit one: once again, dividends is not BHP's strong point. JB HiFi is paying the same dividend (48 cents) for a $19 share. CBA pays $1.32 for a $53 share. Telstra 11 cents for $2.90
If you want a dividend stream, buy banks, telstra, JB hi fi etc.
You buy BHP because of strength, market dominance, growth.
So my expectation is that buyback or not, the BHP dividend in future will still be relatively poor.
financial report, page-6
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Last
$42.10 |
Change
0.910(2.21%) |
Mkt cap ! $213.5B | |||
| Open | High | Low | Value | Volume |
| $41.88 | $42.29 | $41.69 | $360.3M | 8.529M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 9922 | $42.09 |
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| Price($) | Vol. | No. |
|---|---|---|
| $42.12 | 11345 | 2 |
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