Bhp Dividends - BHP

Bhp Dividends - BHP

Stock Name Stock Symbol Market Stock Type
Bhp Group Limited BHP London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-29.00 -1.02% 2,826.00 16:35:18
Open Price Low Price High Price Close Price Previous Close
2,858.00 2,800.00 2,872.00 2,826.00 2,855.00
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Bhp BHP Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

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Top Posts
Posted at 19/11/2022 09:18 by la forge
OZ Minerals close to accepting BHP’s revised takeover offer of $6.4bn

By NS Energy Staff Writer  18 Nov 2022

According to BHP, the proposed transaction will enable the creation of a copper basin in South Australia which could tap potential operational synergies driven by the proximity that OZ Minerals’ Carrapateena and Prominent Hill operations have with its own existing Olympic Dam asset and Oak Dam development resource

OZ Minerals (OZL) said that its board intends to recommend a revised takeover proposal of A$28.25 ($18.95) per share in cash from BHP, which translates to an enterprise value of A$9.6bn ($6.44bn).

The Australian mining company said that the proposed consideration is the best and final that BHP is willing to offer.

OZ Minerals’ board has confirmed to BHP that it plans to recommend the revised proposal unanimously to the company’s shareholders as being in their best interests, in the absence of a superior proposal.

The recommendation is also subject to the two mining firms executing a binding scheme implementation agreement (SIA) after BHP completes a confirmatory due diligence and an independent expert finds the revised proposal to be in the best interests of OZ Minerals’ shareholders.

In August 2022, OZ Minerals rejected BHP’s takeover bid of A$25 ($16.8) per share in cash or A$8.34bn ($5.6bn) from BHP Group, citing that the proposed deal considerably undervalues its business.

OZ Minerals managing director and CEO Andrew Cole said: “BHP’s Revised Proposal is a clear reflection of OZ Minerals’ unique set of highly strategic, quality assets in quality jurisdictions and an enviable multigenerational growth pipeline of copper and nickel assets in strong demand due to global electrification.

“We look forward to working with BHP in a collaborative way to progress the Revised Proposal in the best interests of OZ Minerals’ and its stakeholders.”

OZ Minerals is engaged in developing a portfolio of long life, low-cost copper-focused assets. It has two operating assets, which are the Prominent Hill copper mine and the Carrapateena copper mine, both located in Australia.

The company and BHP have entered into a confidentiality and exclusivity deed with respect to the latter’s revised proposal.

According to BHP, the proposed deal will enable the creation of a copper basin in South Australia which could tap potential operational synergies driven by the proximity of the Carrapateena and Prominent Hill operations with its own existing Olympic Dam asset and Oak Dam development resource.

BHP CEO Mike Henry said: “BHP’s proposal represents a highly compelling offer for OZL shareholders, providing certainty at a time of macroeconomic uncertainty and market volatility, and increasing risks for the industry.

“The combination of BHP and OZL’s assets, skills and technical expertise provides a unique opportunity not available under separate ownership, with complementary resources including the Oak Dam exploration prospect and existing facilities within close proximity, backed by BHP’s strong balance sheet, capital discipline and commitment to sustainable development.”

Posted at 18/11/2022 08:13 by waldron
TOP NEWS: BHP says Oz board backs raised offer of AUD28.25 per share

Fri, 18th Nov 2022 07:32
Alliance News

(Alliance News) - BHP Group Ltd said on Friday the board of Oz Minerals Ltd intends to recommend an improved takeover offer that values Oz at AUD9.6 billion.

Oz is a gold, copper and nickel miner. It owns and operates the Prominent Hill and Carrapateena mines in South Australia. It also has an interest in the Pedra Branca copper-gold mine in Brazil.

BHP, a Melbourne-based diversified miner, said it increased its non-binding indicative offer to AUD28.25 per Oz share in cash, representing a premium of 49% to Oz's closing price of AUD18.92 per share on August 5, when BHP tabled it initial offer.

Back in August, BHP offered AUD25.00 per share in cash for Sydney-listed Oz, but the Oz board rejected it at the time.

On Friday, Oz confirmed that its board intends to unanimously recommend BHP's revised offer to its shareholders. It said the takeover approach was in the best interest of its shareholders in the absence of a superior proposal.

The two companies said on Friday they had entered into a confidentiality and exclusivity deed in relation to the revised proposal. Under this accord, Oz has granted BHP four weeks to undertake exclusive confirmatory due diligence and negotiate a binding agreement.

The four-week period is expected to commence on or around Monday next week.

BHP said its latest Oz offer represented its the "best and final" price it is willing to pay.


in BHP closed up 0.3% at AUD43.94 in Sydney on Friday, giving it a market capitalisation of AUD222.59 billion, about USD149.21 billion.

Oz was up 4.0% to AUD27.34 in Australia, giving it a market capitalisation of AUD9.15 billion.

BHP said Oz might pay a franked dividend to Oz shareholders before the deal is implemented.

The revised proposal is subject to conditions including completion of due diligence, and shareholder and regulatory approvals.

"The cash consideration price under the revised proposal will be reduced by the cash component of any dividends or return of capital paid by OZL before the date of the implementation of the revised proposal," BHP said.

BHP Chair Ken MacKenzie said: "BHP's proposal would provide value to BHP shareholders by increasing exposure to future facing commodities, attractive synergies and adding to our pipeline of growth options."

Added BHP Chief Executive Mike Henry: "BHP's proposal represents a highly compelling offer for OZL shareholders, providing certainty at a time of macroeconomic uncertainty and market volatility, and increasing risks for the industry."

By Artwell Dlamini;

Posted at 15/10/2022 12:41 by ariane
Here’s the BHP dividend forecast for 2022 to 2024

This mining giant has paid out some huge dividends recently. Here, Edward Sheldon looks at the BHP

Group dividend forecast for the years ahead.

Edward Sheldon, CFA❯

Published 15 October, 8:47 am BST

Mining powerhouse BHP Group (LSE: BHP) has been a bit of a cash cow for investors in recent years.

Last financial year, for example, it rewarded shareholders with total regular dividends of USD $3.25 per share, which translates to a yield of about 13% at the current share price.

Is the company set to continue paying out monster dividends going forward? Let’s take a look at the BHP dividend forecast for the years ahead.

BHP dividend forecasts

First, there are a couple of things to explain.

The first is that BHP’s financial year ends on 30 June. So, the year ending 30 June 2023 is ‘FY2023’. The following year is ‘FY2024’.

The second is that BHP reports its financials, and declares its dividends, in US dollars. So, all forecasts are in dollars. This is important to note because the GBP/USD exchange rate is quite volatile at the moment. In other words, the yield on offer today could be quite different to the yield when the dividends are actually paid if exchange rates fluctuate.

As for the forecasts, right now City analysts expect BHP to pay out $2.09 per share for FY2023 and $1.86 per share for FY2024.

These projected payouts are lower than the $3.25 paid last financial year. However, they still translate to very high yields.

At today’s share price and exchange rate, the projected payout for FY2023 equates to a prospective yield of 8.3% while the estimated payout for FY2024 translates to a prospective yield of 7.4%.

Assuming that these dividend forecasts are accurate (analysts’ estimates can be way off the mark at times), BHP looks set to continue being a cash cow for investors.

Are BHP shares worth buying for income?

Would I buy BHP shares for the big dividends on offer?

The answer to that question is actually no.

One reason I’d pass on BHP is that the stock is ‘cyclical̵7; (mining companies’ profits rise and fall depending on commodity prices) and, therefore, quite volatile. For example, between mid-2014 and early 2016, BHP’s share price fell from near 1,600p to near 500p.

I don’t see the point of collecting a 8% yield if the share price can potentially fall around 70% like it did here. I’d need many years of dividends to make up for that kind of capital loss.

I prefer dividend stocks that are a little more stable in nature.

Another issue for me is the fact that BHP tends to cut its dividend when business conditions are challenging.

This is not ideal from an income-investing perspective.

I prefer to invest in companies that consistently increase their dividend payouts year after year.

I can rely on these kinds of businesses to provide me with a certain level of income.

So, while the yield here does look very attractive, I won’t be buying the shares for my portfolio any time soon.

Ed Sheldon has no position in any of the shares mentioned. The Motley Fool UK

Posted at 03/10/2022 06:22 by maywillow
Release Time IMMEDIATE
Date 3 October 2022
Number 32/22


BHP Group Limited (BHP) will hold its 2022 Annual General Meeting (AGM) at the Perth Convention and Exhibition Centre, 21 Mounts Bay Road, Perth, Western Australia on Thursday 10 November 2022, starting at 10:00am (Perth time).

The Notice of Meeting and Proxy Form can be accessed via BHP's website at

The following documents have also been submitted to the FCA National Storage Mechanism and will shortly be available for inspection at: hxxps://

- BHP Notice of Meeting 2022
- BHP Proxy Form 2022 (Australia)
- BHP Proxy Form 2022 (South Africa)

In accordance with Regulation 7.11.37 of the Australian Corporations Regulations 2001 (Cth), persons who are registered holders of shares in BHP as at 4:00pm (Perth time) on Tuesday 8 November 2022 will be entitled to attend and vote at the AGM as a shareholder. Share transfers registered after that time will be disregarded in determining entitlements to attend and vote at the AGM.

Shareholders entitled to attend and vote at the meeting have the right to appoint a proxy to attend and vote for them. The proxy does not need to be a shareholder of BHP and can be an individual or a body corporate. To appoint a proxy, shareholders must submit their proxy form no later than 10:00am (Perth time) on Tuesday 8 November 2022. The Proxy Form (Australia) available on BHP's website is only for use by shareholders who hold their shares in BHP directly on the Australian Securities Exchange (ASX).

The way shareholders hold their BHP shares may have changed following the unification of BHP's dual listed company structure in January 2022. If shareholders hold BHP shares that are traded on an exchange other than the ASX, they can attend the meeting in person as a guest or watch the webcast online at Shareholders who hold BHP shares that are traded on an exchange other than the ASX and would like to vote on the resolutions that will be proposed at the AGM should do so in advance of the meeting by following the instructions set out in the Notice of Meeting.

If shareholders would like more information about their shareholdings or how to participate in the AGM, please contact BHP's registrar Computershare via or by phone on 1300 656 780 (within Australia) or +61 3 9415 4020 (outside Australia).

Authorised for lodgement by:

Stefanie Wilkinson

Group Company Secretary

Posted at 28/7/2022 07:50 by loganair
3 Reasons Why BHP Stock Is The Best Way To Play For A Rebound Rally in Metals by Tim Biggam 25 July 2022:

Metals are looking to regain their luster after a punishing pullback. Time to take a bullish stance on metal mining giant BHP Group using a fusion approach with edge.

Going long BHP Group stock (BHP) is a safer and more effective way to gain exposure to both iron and copper. This is especially true given the positive technical, fundamental and POWR ratings backdrop for BHP Group going forward.

BHP is the world's largest metals company according to The bulk of income is derived from iron and copper with some exposure to nickel and potash as well.

The latest earnings report shows that revenues for the first half of fiscal 2022 totaled $30.5 billion, up 27% year on year. The Iron ore segment's revenues rose 12% year over year to $16 billion. Revenues in the Copper segment increased 20% to $8 billion. Iron and copper combined for roughly 66% of the overall revenue in Q1 2022 for BHP. So certainly, BHP is correlated to fluctuations in iron and copper both.

Indeed, the last time iron prices hit this low a level (Q4 of 2021) marked a major bottom in BHP stock.

BHP stock is trading near trough valuations on both a P/E and P/S basis.

Current P/E now stands at just over 8 and the lowest multiple since the Covid Crisis lows of March 2020.

P/S (ratio of stock price to revenue) is also approaching historically cheap valuations as it nears 2x.

The last time both P/E and P/S were this cheap was the beginning of a major rally in BHP stock. Plus, a dividend yield now above 11% with a payout ratio of just under 80% should provide a solid floor for the stock over the foreseeable future, even given the likelihood on a dividend cut down the road.

Posted at 01/6/2022 09:20 by waldron

Jordan Brodie Farooqui

08:19 Wed 01 Jun 2022

BHP confirms oil and gas exit as Woodside deal completes

'The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world'

BHP Group Limited (LSE:BHP) said the all-stock merger of its oil and gas portfolio with Woodside Energy Group was completed on Wednesday.

BHP received 914.8mln Woodside shares for the sale of BHP Petroleum, while the former paid the in specie dividend and distributed the latter’s shares to eligible BHP shareholders.

As part of completion, BHP made a net cash payment of roughly US$700mln to Woodside, as well as leaving around US$300mln of cash in the BHP Petroleum bank accounts to fund ongoing operations.

This, however, was still subject to a customary post-completion review that may result in an adjustment to the amount paid.

Woodside’s closing price on the Australian Stock Exchange (ASX) on Tuesday was A$29.76, meaning the in specie dividend was approximately A$5.38, with A$2.30 of franking credits per BHP share.

“The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world,” Mike Henry, BHP chief executive, said.

Posted at 01/6/2022 07:37 by waldron
Release Time IMMEDIATE
Date 1 June 2022
Release Number 19/22

Merger completion and in specie distribution

BHP Group (BHP) is pleased to announce that the merger of BHP's oil and gas portfolio with Woodside Energy Group Limited (Woodside) by an all-stock merger (Merger) has completed today.

BHP received 914,768,948 Woodside shares as consideration for the sale of BHP Petroleum. BHP has paid the in specie dividend and distributed Woodside shares today in line with the details described in BHP's announcement on 20 May 2022. As a result, BHP has now distributed Woodside shares to eligible BHP shareholders. BHP dividend statements and Woodside holding statements are expected to be despatched to eligible BHP shareholders in mid-June 2022.

The closing price of Woodside shares on ASX on 31 May 2022 was A$29.76 [1] . The implied value of the in specie dividend was therefore A$27.2 billion (US$19.6 billion). At this valuation, the in specie dividend is approximately A$5.38 (US$3.86), with A$2.30 (US$1.66) of franking credits being distributed, per BHP share.

As part of completion, BHP has made a net cash payment of approximately US$0.7 billion to Woodside. In addition, approximately US$0.3 billion in cash will be left in the BHP Petroleum bank accounts to fund the ongoing operations. This reflects the net cash flows generated by BHP Petroleum, less cash dividends paid by Woodside to BHP, between the Merger effective date of 1 July 2021 and completion. This net payment to Woodside will be subject to a customary post-completion review which may result in an adjustment to the amount paid.

BHP Chief Executive Officer, Mike Henry said: "The merger of our petroleum assets with Woodside creates a global energy company with the scale and opportunity to help supply the energy needed for global growth and development in a rapidly decarbonising world. Our shareholders will now have exposure to assets in two organisations, BHP and Woodside, each with a very clear focus, strategy and value proposition. BHP's world class portfolio is weighted towards commodities which support economic growth and have decarbonisation upside and combined with our operational excellence will underpin attractive returns and long-term value growth."

Trading of Woodside shares and depositary interests

Normal trading of the new Woodside shares that are received as part of the in specie dividend will commence as follows :

2 June 2022 New Woodside shares on ASX
Woodside American depository shares on NYSE
6 June 2022 Woodside depository interests on LSE

Sale facility

For ineligible overseas shareholders and small BHP shareholders that have validly elected to participate in the sale facility, the in specie dividend entitlement has been transferred to the sale agent to be sold. The sale proceeds may take up to 12 weeks to be remitted to BHP shareholders.

Authorised for lodgement by:

Stefanie Wilkinson

Group Company Secretary

Posted at 08/4/2022 04:42 by garycook
Release Time IMMEDIATE
Date 8 April 2022
Release Number 11/22
Update on BHP Petroleum and Woodside merger and share distribution information
BHP Group (BHP) and Woodside Petroleum Ltd (Woodside) entered into a share sale
agreement (SSA) for the merger of BHP’s oil and gas portfolio with Woodside by an all-stock
merger (Merger) on 22 November 2021. On completion of the Merger, the combined company
is expected to have a high margin oil portfolio, long life LNG assets and the financial resilience
to help supply the energy needed for global growth and development over the energy
Woodside has today published an explanatory memorandum and notice of meeting for the
Woodside shareholder vote scheduled for 19 May 2022. Woodside has also released the
Independent Expert’s Report prepared for Woodside shareholders, which has concluded that
the Merger is in the best interests of Woodside shareholders, in the absence of a superior
This announcement contains information relevant for BHP shareholders in respect of the
Merger and the proposed in specie dividend of Woodside ordinary shares (Woodside Shares)
to BHP shareholders.
· Completion of the Merger is on track and is targeted for 1 June 2022, subject to
satisfaction of conditions precedent including approval by Woodside shareholders.
· BHP is expected to receive 914.8 million newly issued Woodside Shares at
completion and determine a fully franked in specie dividend of the Woodside
Shares to BHP shareholders.
· BHP shareholders are expected to be entitled to one Woodside Share for every
5.5340 BHP shares they hold on the Record Date.
· Based on Woodside’s share price of US$25.55 at 6 April 2022, the implied value of
BHP Petroleum is US$23.4 billion. At this valuation, which is subject to change, the
in specie dividend would be US$4.62 with US$1.98 of franking credits being
distributed per BHP share (US$10.0 billion of franking credits in total).
· Woodside will retain its primary listing on the ASX and is seeking a standard listing
on the LSE and a sponsored Level III ADR program on the NYSE from completion
of the Merger.
· A share sale facility will be in place for eligible small BHP shareholders who elect
to participate, and for shareholders who are ineligible to receive Woodside Shares

Posted at 17/1/2022 13:54 by maywillow
Release Time IMMEDIATE
Date 17 January 2022
Release Number 1/22

Update on BHP Group Limited General Meeting to approve unification proposal

Given the ongoing COVID-19 situation in Melbourne, BHP Group Limited has today announced that the General Meeting of BHP Group Limited on 20 January 2022 to approve BHP's unification proposal will be held as an online meeting.

BHP is committed to health and safety, including the health and safety of our shareholders and our people. Accordingly, as foreshadowed as a possible contingency plan in the Notice of Limited General Meeting released on 8 December 2021, BHP has today decided that the BHP Group Limited meeting will be held as an online meeting instead of an in-person meeting in Melbourne.

The date and time of the meeting remain unchanged. The meeting will be held online at 6:00pm (Melbourne time) on Thursday, 20 January 2022. The business to be considered at the meeting also remains unchanged, and is set out in the original Notice of Limited General Meeting. There are no changes to the arrangements for the BHP Group Plc scheme and general meetings also being held on 20 January and related to unification.

BHP recognises the importance of the meeting as an opportunity for BHP Group Limited shareholders to consider and vote on the unification proposal. BHP Group Limited shareholders will be able to ask questions and vote in real time via an online platform.

Participating in the meeting online

As was the case with last year's Annual General Meeting, BHP Group Limited Shareholders can view the meeting live, ask questions on the items of business and cast live votes during the meeting, once they have registered their attendance on the Lumi platform.

-- Enter the following URL in your browser : Https://
-- The meeting ID for the meeting is: 359037399

-- Your username is your Shareholder Reference Number (SRN) / Holder Identification Number (HIN).

-- Your password is your postcode registered on your holding if you are an Australian shareholder.

Overseas shareholders should refer to the user guide available at


Online registration will open at 5.00pm (Melbourne time) on Thursday 20 January 2022 (one hour before the meeting).

For the best shareholder experience, BHP recommends using a computer to access the Lumi website. For further details on accessing Lumi and joining the meeting, please refer to BHP's website at Https:// in advance of the meeting.

Appointed proxies may contact Computershare Investor Services on +61 3 9415 4024 (in the hour prior to the meeting starting) to obtain their unique username and password to participate in the meeting.

Further information on BHP can be found at:

Authorised for lodgement by:

Stefanie Wilkinson

Group Company Secretary

Posted at 16/12/2021 05:28 by waldron
BHP (ASX:BHP) share price slips as ACCC gives all-clear for Woodside deal

One step closer to BHP and Woodside joining forces…
Mitchell Lawler❯
Published December 16, 11:11am AEDT

The BHP Group Ltd (ASX: BHP) share price is losing its grip this morning, slipping to the downside. Today’s move follows the Australian Competition and Consumer Commission (ACCC) announcing its verdict on Woodside Petroleum Limited‘s (ASX: WPL) proposed acquisition of BHP’s petroleum business.

In morning trade, the diversified mining giant’s shares are fetching $40.66, down 1%. The regulatory green light comes 23 days after the mega-merger was first announced.

Why did the ACCC give Woodside the green light?

Shareholders from both Woodside and BHP are one step closer to an amalgamated future today. Yet, looking at the BHP share price today, you wouldn’t think investors are too excited about it.

A media release from the ACCC states the corporate watchdog will not oppose Woodside’s proposed acquisition of BHP Petroleum and its oil and gas assets.

According to the release, the regulator carefully considered the potential impacts of the deal. Specifically, the supply of domestic natural gas in Western Australia. This is because the WA market is the only area where the two energy giants overlap. Whereas, all other customers are either offshore or in areas where the two do not coincide.

ACCC chair Rod Sims commented:

We found that post-acquisition, Woodside would continue to face competition from a range of suppliers of domestic gas, including major producers Chevron and Santos, and from several other smaller suppliers including Shell and ExxonMobil. Woodside’s share of domestic gas after the acquisition will be approximately 20 percent.

Due to the likely presence of reasonable competition, the Australian regulator has opted to allow the deal to proceed. Despite this development, the BHP share price is weakening as investors digest the news.

As the merger takes another step forward to solidifying, the ASX could soon count Woodside as a top 10 global independent energy company.
How has the BHP share price been tracking?

Investors in BHP have been riding a wave of increased volatility in the BHP share price since August. A cratering iron ore price has dragged the Australian mining company away from its 52-week high by approximately 25%. However, shares in BHP have been rebounding in recent weeks.

At present, the BHP share price is trading at a price-to-earnings (P/E) ratio of 13.2 times. For comparison, the Australian metals and mining industry average P/E ratio is around 15.2 times.

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