Over the last 4 years BHP has plundered $20bn in share buy backs the end result..... stellar earnings growth and a share price that has gone from $50 to $36.
My point is if that was paid out as dividend via a higher payout ratio then the share price would without question be in that vicinity and BHP would be trading at a higher PER hence giving it superior paper for earning acretive acquisitions.
They have squandered the easy money made as a result of a historic mega commodities boom.
A higher payout ratio will equate to a higher share price. If BHP manangement signalled to the market they would be going to a doubling payout ratio the market and many yield orientated funds would be buying this stock big time
stop buy back and increase dividend payout , page-9
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Last
$40.63 |
Change
-0.140(0.34%) |
Mkt cap ! $206.8B | |||
| Open | High | Low | Value | Volume |
| $40.72 | $40.76 | $40.54 | $25.16M | 619.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 486 | $40.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.64 | 741 | 4 |
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| Last trade - 10.38am 02/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |