Company Interview / Market Update | BHP, HMC Capital, HUB24, Dexus, Reliance Worldwide, Northern Star

BHP's (ASX: BHP) dividend has slumped to an 8-year low as slowing Chinese steel demand drove its first half profits down.

HUB24 (ASX: HUB) shareholders will receive a fully franked interim dividend of 24 cents per share - up 30% on the prior corresponding period.

Dexus Funds (ASX: DXS) has lowered its first half distribution by almost 29% to 19 cents -- in accordance with its updated policy to pay out 80 to 100% of its adjusted funds from operations.

HMC capital (ASX: HMC) has reiterated its FY25 dividend guidance of 12 cents after announcing a fully franked interim dividend of 6 cents per share.

Reliance Worldwide (ASX: RWC) has boosted first half profit by a third due to the contribution of recently acquired Holman Industries to the business.

Bell Potter has downgraded Northern Star Resources (ASX: NST) from buy to 'hold', with a $20 target price. The broker says profit was below its expectations, and considers the stock fairly valued.