|Bid||68.44 x 1000|
|Ask||68.46 x 800|
|Day's Range||67.92 - 69.56|
|52 Week Range||51.88 - 82.07|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||15.25|
|Forward Dividend & Yield||6.02 (8.97%)|
|Ex-Dividend Date||Sep. 02, 2021|
|1y Target Est||59.90|
(Bloomberg) -- BHP Group won shareholder support to unify public holdings in a single Sydney listing, a move that could ease the global miner’s return to big deals and will see the U.K. lose one of its biggest companies.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessWhy Some Vaccinated People Resist Omicron and Others Don’tBiden Expects Russia to ‘Move In’ on Ukraine; Warns of SanctionsThailand to Resume Quarantine-Free Tourism as Covid EasesOmicron Is a Bigger R
A change in corporate structure at BHP Group is likely to unleash a wave of selling in London and an even bigger buying surge in Sydney, with investors braced for a potentially bumpy end to the world's biggest listed miner's dual listing. Shareholders on Thursday approved a company proposal to abandon a two-decade-old structure with listings in London and Sydney in favour of a single primary listing in Australia as part of a sweeping overhaul of BHP founded 137 years ago as Broken Hill Proprietary in Australia. BHP Group Plc will drop out of the FTSE 100 and other related indexes, while beefing up the size and value of the Australian listing from January 31, when the changes take full effect.
SYDNEY (Reuters) -BHP Group investors in London and Sydney have approved plans to scrap the mining company's dual listing in favour of a main listing in Sydney. More than 97% of investors voted in favour of the plan at a company shareholder meeting in London after the proposal won the support of more than 96% of proxy votes at an earlier meeting in Australia. The decision will see the FTSE 100 index lose one of its biggest companies though it will retain a standard listing in London.