NUE - BHP Group Should Be Added By Investors Seeking Income And An Attractive Total Return
2024-04-01 14:34:00 ET
Summary
- BHP reported slightly lower EPS for the first half of $1.296 compared to $1.303 the prior year after adjusting for exceptions.
- EBITDA increased to $13.875 billion from $13.230 billion.
- Many Australian BHP shareholders effectively receive a 7.07% dividend yield because of franking compared to 4.99% for U.S. BHP ADR holders.
- I recently bought BHP and sold some NUE stock.
Last week I bought BHP Group Limited ( BHP ) stock expecting a reasonable total return for a 2-3 year holding period. I used some of the proceeds from selling Nucor ( NUE ) stock the prior week to buy BHP. While I am monitoring iron ore, copper, metallurgical coal prices and AUD/USD exchange rates, I am also watching the continued political debates in Australia over franking. BHP is a "buy" at current levels for those seeking a reasonable total return over the next few years. This is not a stock for those seeking a quick trade to make money....
BHP Group Should Be Added By Investors Seeking Income And An Attractive Total Return