BHP Billiton plc Has Dug Itself Into A Hole

The Motley Fool
Updated
Photo: Roy Luck. Cropped. Licence: https://creativecommons.org/licenses/by/2.0/deed.en
Photo: Roy Luck. Cropped. Licence: https://creativecommons.org/licenses/by/2.0/deed.en

Some BHP Billiton(LSE: BLT) shareholders may be dismayed at how management has savaged the mining behemoth's previously super generous dividend payout, but the company really had no choice.

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Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.

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