The BHP Billiton Limited (ASX: BHP) share price is flat today, but climbed 3.5% yesterday after the big iron ore miner announced it had completed a US$5.2 billion off-market share buy-back and would pay a US$1.02 per share dividend to all eligible shareholders on the register as at January 11, 2019.
The final buy-back price was set at A$27.62, which equalled a 14% discount to the ‘market price’ of $32.14. The total buyback represented 8.3% of the issued capital of BHP Group Limited.
According to reports in the Fairfax press analysts at Macquarie Group Ltd (ASX: MQG) are impressed with the buy-back price and think that “BHP could return a further US$3 billion to shareholders during the second half of the current financial year, most likely through an on-market buy back in the UK”.
The sugar hits for BHP shareholders could keep coming then, with the A$1.42 per share FX-adjusted dividend representing a yield of 4.4% alone based on today’s BHP share price of $32.14.
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$42.68 |
Change
-0.470(1.09%) |
Mkt cap ! $216.4B |
Open | High | Low | Value | Volume |
$42.71 | $43.20 | $42.68 | $463.8M | 10.82M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 13572 | $42.68 |
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Price($) | Vol. | No. |
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$42.70 | 457 | 1 |
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No. | Vol. | Price($) |
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3 | 1234 | 42.670 |
3 | 514 | 42.660 |
8 | 4807 | 42.650 |
1 | 588 | 42.640 |
3 | 1292 | 42.630 |
Price($) | Vol. | No. |
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42.800 | 610 | 1 |
43.000 | 1600 | 1 |
43.050 | 1700 | 1 |
43.150 | 4965 | 7 |
43.170 | 494 | 2 |
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