I was reminded of the old saying about having your cake and eating it too on this thread during the week......an alarming amount of misinformation about dividend entitlements.
There were some suggesting that you could indeed have your cake and eat it too by buying the stock at the discounted price of $37/$38 and yet still collect the $2.50 dividend on Sept 22.
When the stock dropped $2.80 on the Thursday open - there’s your answer right there .....that it’s gone EX. Anyone who bought BHP sub $40 this week will not be getting the dividend on those shares.
Anyway all that aside I’m positive about BHP stock at these levels.
Personally (because for my sins I have capital losses to use up) the ex dividend price is more appealing to me. I’d rather have the stock at $38 without a dividend entitlement than $40.50 with it.
Accordingly I topped up yesterday (at high $36’s as it happens) I accept that this may be a little early but I have built up cash reserves and sometimes you just have to pull the trigger.
I have faith in the short to medium term commodities picture for BHP (despite my long term concerns that the woke agenda is slowly strangling this once great company)
BHP Price at posting:
$36.74 Sentiment: Buy Disclosure: Held
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