3 reasons why the BHP share price could still be a buy
Image source: Getty Images
The largest ASX mining share, BHP Group Ltd (ASX: BHP), has several positives worth considering.
I believe that certain major ASX shares, such as Commonwealth Bank of Australia (ASX: CBA), may have run a bit too hard and now they look overvalued.
However, when it comes to BHP, I think the ASX mining share has some major pleasing characteristics.
Solid dividend potential
ASX mining shares typically trade on a lower price-earnings (P/E) ratio than some other sectors. As a result, miners can provide a higher dividend yield than certain industries.
According to a forecast by UBS, BHP could pay an annual dividend per share of US 75 cents in FY26 and US 99 cents in FY27. That translates into forward…
