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