BHP sticks to the long term

Rather than appease short term yield hunters, BHP has delivered just a modest lift in dividend and kept its cash for the long term.

Andrew MacKenzie has refused to succumb to the short-term pressures of stock traders.

Where rival resource houses Woodside (WPL) and Rio Tinto (RIO) have jumped into the yield game, the newly installed BHP chief has kept the payout of the world’s biggest mining house in check, delivering a final dividend of just 59c.

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