BHP to return $10.4bn to shareholders via buy-back, special dividend

1st Nov 2018 07:55

(Sharecast News) - BHP said it was returning $10.4bn to shareholders via a share buy back and special dividend using the proceeds from the sale of its US shale business.The mining giant promised to return all of the net proceeds from the $10.8bn sale in July. BP bought most of the business in a deal completed this week.BHP will target an off-market buy-back of $5.2bn starting on November 19 and closing on December 14. It added that it reserved the right to buy back its Australian BHP Billiton Limited shares at up to a 14% discount.

Top Risers

Share	Price	Change
Tertiary Minerals (TYM)	0.1125	25%
Angle (AGL)	23.50	20.51%
Belluscura (BELL)	9.50	18.75%
Light Science (LST)	3.00	18.52%
Microsalt (SALT)	79.50	17.78%

Top Fallers

Share	Price	Change
Mobile Tornado (MBT)	2.25	-23.73%
Empyrean (EME)	0.40	-21.21%
Eqtec (EQT)	1.35	-14.29%
Metals Exploration (MTL)	4.50	-14.29%
Thor Energy (THR)	0.90	-14.29%

Top By Volume

Share	Price	Volume
Supply@me Cap (SYME)	0.022	1,402,321,490
Baron Oil (BOIL)	0.07	261,755,698
Premier African Minerals (PREM)	0.185	244,130,152
Lloyds (LLOY)	53.94	236,468,265
Echo Energy (ECHO)	0.0031	210,502,452

All prices are delayed by at least 15 minutes. Share Compare cannot be held responsible for the accuracy of share prices shown on this website, and investors should be aware that share prices can go down as well as up. Share Compare does not offer advice, and is not regulated by the Financial Conduct Authority.