BHP Cuts Dividend for First Time in 15 Years on Profit Drop

  • World's biggest miner to pay 50% of earns as dividends
  • Producer seeking to make further savings amid price collapse

BHP 'Absolutely' Committed to Solid-A Rating: CFO Beaven

BHP Billiton Ltd. made a larger-than-expected cut to its dividend, lowering the payout for the first time in 15 years, as the world’s biggest mining company seeks to protect its balance sheet and credit ratings amid a price collapse that saw first-half profits tumble 92 percent.

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