4 Coal Stocks that Pay Dividends

In this article, we discuss the 4 coal stocks that pay dividends. If you want to read about some more coal stocks that pay dividends, go directly to 8 Coal Stocks that Pay Dividends.

4. BHP Group (NYSE:BHP)

Number of Hedge Fund Holders: 19     

Dividend Yield as of August 19: 12.25%   

BHP Group (NYSE:BHP) is a diversified metals and mining firm. The firm has a stellar dividend history stretching back over thirteen years. The company has also grown the dividend payout in the past year. The sector median for consistent payouts in the sector is just two years, and thirteen years of payouts attests to the strength of the business model of BHP Group. On August 16, the firm announced a dividend of $1.75 per share, making a peak annual distribution of $3.25 per share. 

On August 17, investment advisory Credit Suisse maintained a Neutral rating on BHP Group (NYSE:BHP) stock and raised the price target to GBP 2,300 from GBP 2,200. Analyst Danielle Chigumira issued the ratings update. 

At the end of the second quarter of 2022, 19 hedge funds in the database of Insider Monkey held stakes worth $1.3 billion in BHP Group (NYSE:BHP), the same as in the preceding quarter worth $2.2 billion. Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in BHP Group (NYSE:BHP), with 18 million shares worth more than $1 billion.