BHP dividend cut inevitable

Friday 20 November 2015

From the AFR:

BHP Billiton chairman Jac Nasser has refused to commit to maintaining the miner’s annual $US6.6 billion ($9.2 billion) annual dividend payout beyond this February, leaving the door open for a change in its policy to maintain or increase the dividend each year.

When asked if he remained committed “for now” to its progressive dividend policy, Mr Nasser said: “I guess the answer is yes.”

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.