The Motley Fool Previous Page


BHP Billiton: A FTSE 100 Dividend-Raising Star

http://www.fool.com/investing/international/2012/11/19/bhp-billiton-a-ftse-100-dividend-raising-star.aspx

Kevin Godbold
November 19, 2012

LONDON -- In an outcome that's tough on investors, the FTSE 100 (UKX) has failed to deliver a rising dividend payout over the last few years.

Just look at the iShares FTSE 100 ETF  (LSE: ISF.L  ) , for example. This is an exchange-traded fund that tracks the benchmark index, and we can see the aggregate payment from Britain's top 100 companies has yet to regain its pre-recession peak:

Year

2007

2008

2009

2010

2011

Dividend per share

19.1p

20.2p

17.1p

16.2p

18.1p

But some companies within London's premier index have performed well on dividends, despite these austere times, and this series aims to seek them out. One such name is BHP Billiton (LSE: BLT.L  ) (NYSE: BBL  )

The big question is can the company's dividend continue to out-perform its index. Let's take a closer look.

BHP Billiton is a resources company. With the London-listed shares at 1916 pence, the market cap is £40,442 million. This table summarizes the company's recent financial record:

Year to June

2008

2009

2010

2011

2012

Revenue ($m)

59,473

50,211

52,798

71,739

72,226

Net cash from operations ($m)

17,817

18,863

16,890

30,080

24,384

Adjusted earnings per share (cents)

274.9c

192.7c

224.1c

393.5c

321.6c

Dividend per share (cents)

70c

82c