BHP to pay special dividend after completing $5.2B stock buyback

|About: BHP Billiton Limited (BHP)|By:, SA News Editor

BHP +4.3% pre-market after saying it will pay shareholders a US$5.2B special dividend, having completed a US$5.2B off-market stock buyback funded by the sale of its U.S. shale business.

BHP says the $1.42/share dividend will be paid out on Jan. 30, while proceeds from the buyback will be paid to investors on Dec. 24.

BHP announced in July that it was selling its U.S. shale assets to BP and Merit Energy.

Macquarie analysts believes BHP could return another $US3B in cash to shareholders in FY 2019.

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