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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$39.60 |
Change
0.790(2.04%) |
Mkt cap ! $200.9B |
Open | High | Low | Value | Volume |
$39.19 | $39.87 | $39.10 | $371.9M | 9.393M |
Buyers (Bids)
No. | Vol. | Price($) |
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5 | 10101 | $39.55 |
Sellers (Offers)
Price($) | Vol. | No. |
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$39.60 | 18075 | 2 |
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No. | Vol. | Price($) |
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3 | 655 | 39.550 |
1 | 30 | 39.450 |
1 | 142 | 39.370 |
1 | 250 | 39.360 |
1 | 5000 | 39.330 |
Price($) | Vol. | No. |
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39.650 | 1000 | 1 |
39.850 | 500 | 1 |
39.870 | 429 | 3 |
39.880 | 3028 | 2 |
39.890 | 70000 | 1 |
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