Polliesdividend

Dividend increase BBL – September 2018

A dividend increase by the mining company BBL of my Vrijheid Fonds.

On August 21, BBL announced a 14,55% increase in its semi-annual dividend. The dividend is raised from $1.10 to $1.26. The dividend pay date is September 25, 2018 to shareholders of record on September 7, 2018 (ex dividend September 6, 2018).

Polliesdividend.com

The Board of BHP Billiton has determined to pay an interim dividend of 63 US cents per share. 
Because BBL-ADR consists of two shares of BHP, the dividend for BBL will be 126 cents.

 

 

Vrijheid Fonds

The new dividend amount represents an annualized dividend amount of $2.52 per share, up from $2.20. The dividend yield on current price is 4.41%.

 

www.polliesdividend.com

 

My Vrijheid Fondsconsist of 30 shares of BBL, so my annual dividends will increase by €8.21 ($9.60) after taxes.

My projected annual total amount from my shares of BBL will be €65 after taxes.

Again a very nice increase from BHP Billiton, I love these kinds of increases! BBL is almost back at the dividend levels of 2015!
However, with the current payout ratio of 69%, I see not much room for growth.

Cheers,

Pollie

 

 

 

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6 thoughts on “Dividend increase BBL – September 2018

  1. Team CF

    Why take such a cyclical business in your portfolio? As you noted, the high payout ratio does not leave much room for growth. Is this the right stock to own for the longer term as a dividend growth investor?

    1. Pollie Post author

      It is still a remnant of the past. I bought these shares in 2014 and didn’t sell it when they slashed their dividend in 2016. Because these shares aren’t a big part of my Vrijheid Fonds, i didn’t sell it yet.

  2. DivvyDad

    I’m not familiar with this company, but that is a really nice raise. However, what was the impetus for the significant reduction back in 2016? It is good to see that they’ve returned to the neighborhood of prior payouts, but that ratio is pushing the upper limit of what I normally like to see with the exception of certain sectors.

    1. Pollie Post author

      As i told Team CF, BBL is still a remnant of the past. I bought these shares in 2014 and didn’t sell it when they slashed their dividend in 2016. Because these shares aren’t a big part of my Vrijheid Fonds, i didn’t sell it yet.

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