BHP Cuts Dividend for First Time in 15 YearsBloomberg(Tue 8:09AM EST)
BHP Billiton Limited (BHP) -NYSE 24.56 Down 0.73(2.89%) 9:43AM EST -
The dividend cut to 16 cents was more severe than market expectations for a payout as high as 35 cents. BHP ( BHP 2.34% ) pledged a minimum 50% payout of underlying profit going forward.
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