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BHP BHP Group Limited

42.28
-0.12 (-0.28%)
Last Updated: 02:56:23
Delayed by 20 minutes
Share Name Share Symbol Market Type
BHP Group Limited ASX:BHP Australian Stock Exchange Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.12 -0.28% 42.28 42.27 42.28 42.65 42.25 42.50 3,109,153 02:56:23

BHP Purchases 5% of Stock in US$5.2 Billion Buyback

16/12/2018 10:51pm

Dow Jones News


BHP (ASX:BHP)
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   By Rhiannon Hoyle 
 

SYDNEY--BHP Group Ltd. (BHP.AU), the world's biggest miner by market value, said it purchased 5% of its stock in a US$5.2 billion buyback funded by the sale of its U.S. shale unit.

BHP said it bought roughly 265.8 million Australian shares at a price of 27.64 Australian dollars each (US$19.83), a 14% discount to their market value.

The miner also said it will pay shareholders a US$1.02-per-share special dividend in January.

 

-Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

 

(END) Dow Jones Newswires

December 16, 2018 17:36 ET (22:36 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

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