Blase, glad to see you didn't buy for the dividend, it’s very poor, around 1.5- 2% at current SP. They claim that they make up for it by having share buy-backs, but unless you have a self managed super fund or some other way of minimising your tax, they are of no benefit (once again only designed to benefit the wealthy). I do concede however, that the buy-backs eventually have an effect through the reduced number of shares on issue, but this generally takes 6 months to a year to kick in.
You definitely don't buy BHP for its dividend.
bhp billiton enhanced bid for rio tinto , page-16
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Last
$40.21 |
Change
-0.810(1.97%) |
Mkt cap ! $203.9B | |||
| Open | High | Low | Value | Volume |
| $40.57 | $40.59 | $40.06 | $321.6M | 7.985M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5550 | $40.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.22 | 5300 | 2 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| BHP (ASX) Chart |