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Thoughts on BHP after the dividend?

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    Thoughts on BHP after the dividend?

    Is BHP A SELL OR HOLD RUNNING INTI THE DIV

    CHEERS
    JACK

    Answer

    Hi Jack,

    Sorry but by definition I’m answering this after BHP has traded ex-dividend as opposed to beforehand i.e. BHP traded ex-dividend $US1.75 fully franked on Thursday.

    As we’ve discussed this week MM believes the resources stocks will come under pressure over the coming weeks as recession fears into 2023 grow following Jackson Hole combined with Chinas renewed aggressive lockdowns.

    MM is now looking for a trading range over the coming 3/6-months for BHP of $34 & $44 hence we might tweak portfolios accordingly.

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