I wouldn't buy it for the dividend.
The dividend is only 84c.
I would buy it for the minimum $2-3 gain that is potentially coming to the share price in the next 6-8 weeks. That is 3x dividends.
What is going to cause the rise is, 1. recent overshoot of shreprice on the downside and 2. The oil price must be going to go up for some reason.
Someone put up a BHP vs Oil price chart up recently, a very close correlation.
Very few are currently expecting the oil price to shoot up. Means there is every chance and increasing chance it will push up. All read and hear is the building oil glut.
A bounce in oil will make BHP jump 10% in very short time.
That is the beauty of BHP. It is diversified. Not just Iron ore. People are forgetting BHP is huge and great.
A jump in oil price will do nothing for RIO, Vale, FMG.
Trevor Sykes: BHP is a red hot buy, page-58
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Last
$38.45 |
Change
-0.460(1.18%) |
Mkt cap ! $195.0B | |||
| Open | High | Low | Value | Volume |
| $39.00 | $39.07 | $38.28 | $323.2M | 8.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1696 | $38.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.46 | 24810 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |