Dividend of the week - BHP Billiton
This week we are going to look at global mining. A bombed out sector and we know that means potential capital gain on top of our income. There is a total of 19 pure mining stocks in DividendMax and I have to say the overall yield situation does not set the world alight! We can immediately dispose of 4 stocks without bothering with investigation. At DividendMax we see the ability to pay dividends as a measure of the strength of the company and with a few exceptions (such as Apple, generally we are correct. So, out go Lonmin, New World resources, Randgold and Hochschild mining without consideration. The DividendMax Optimizer criteria for eliminating those stocks was that the yield has to be above 2%.
