Understanding the change in the BHP dividend

James Marlay

Livewire Markets

Peter Beaven the CFO of BHP Billiton recently delivered a short briefing to the Morgans network. In his presentation he provides an overview of the new dividend policy. The thrust of his commentary is that the oil price caught them by surprise and that the company has changed it's view on the outlook for the global economy. Balance sheet preservation was the primary motivator and the new policy (in theory) should see capital returns to shareholders move more in tune with the commodity cycles.


1 stock mentioned

James Marlay
Co Founder
Livewire Markets

Livewire is Australia’s #1 website for expert investment analysis. We work with leading investment professionals to deliver curated content that helps investors make confident and informed decisions. Safe investing and thanks for reading Livewire.

Expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.