BHP Cuts Dividend for First Time in 15 Years on Profit DropBy
World's biggest miner to pay 50% of earns as dividends
Producer seeking to make further savings amid price collapse
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.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.