BHP announces record cash return on surging coal prices
BHP said it would return a record amount of cash to investors as surging coal prices helped the world’s biggest miner deliver a 26 per cent increase in annual profits.
The Australian company declared a final dividend of $8.9bn, or $1.75 per share, taking total payments for the year to $16.5bn, the highest disbursement in its 137-year history.
BHP said shareholder returns were close to $36bn, including the shares in Woodside Petroleum given to its shareholders in exchange for the sale of the miner’s petroleum division.
The bumper payout concludes a transformational year for BHP in which the company spun out its oil and gas operations, unified its share structure in Australia and approved development of a huge potash project in Canada.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
151499610 : BHP the great Australian company, record profits .
Wonderful job guys , would love to have a large stake in this company.