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BHP owners pocket record dividend

BHP shareholders will pocket a record payout, the company announced this morning, bringing the total dividend to $6.7bn (£5.5bn).

The miner announced this morning that it would give shareholders an ordinary dividend of $1.33 per share.

However, the payout comes on top of a special dividend earlier this year, of $1.02 per share as the company decided to return $10.4bn to shareholders.

It came after BHP sold its oil fields in the Permian Basin to BP for $10.5bn last year.

Attributable profit grew 124 per cent to $8.3bn, the biggest in five years, while basic earnings per share rose 130 per cent to $1.603.

However, profit and dividend fell slightly short of expectations, sending shares in London down around two per cent to 1,746.2p.

“As a BHP shareholder you cant be too disappointed. Its been a great year for the company, they have made a lot of money,” Brenton Saunders at Pendal Group, a Sydney-based fund manager, told Reuters.

“Thats in a large part a function of commodity markets and less so a function of the specifics of managing and running a business liRead More

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