BHP’s profits have come back to earth after last year’s record. But the dividend payout is still the fourth best in the company’s history.
BHP shareholders will receive a US80¢ final dividend.
The decline was driven by weaker prices for iron ore, copper and coking coal, plus a rare decline in sales volumes of BHP’s flagship product, West Australian iron ore. BHP shareholders will receive a US80¢ final dividend, taking the full-year total to $US1.70 a share. While dividends for 2022-23 were 48 per cent lower than last year’s record payout, they were still the fourth-highest in BHP’s history.Advertisement
But there was a silver lining: the miner ended the year with close to 4 million tonnes of iron ore stockpiled in China which, in theory, could be monetised swiftly, suggesting the sales figure does not fully reflect the performance of the WA iron ore division.
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