Original article by Amanda Saunders
The Australian Financial Review – Page: 19 : 17-Nov-15

It is unwise for BHP Billiton to have a firm commitment to pay $US6.6 billion ($A9.2 billion) annually in dividends. Ross Barker, the MD of the Australian Foundation Investment Company (AFIC), says debt levels should be the primary consideration. A payout ratio should be made dependent on company results. AFIC has a large stake in BHP.

CORPORATES
BHP BILLITON LIMITED – ASX BHP, AUSTRALIAN FOUNDATION INVESTMENT COMPANY LIMITED – ASX AFI, ARGO INVESTMENTS LIMITED – ASX ARG, PENGANA CAPITAL LIMITED, SOUTH32 LIMITED – ASX S32