BHP (ASX:BHP) delivers record dividend of US$1.01

Company News

by Rachael Jones

BHP (ASX:BHP) is to offer shareholders a higher-than-expected $US1.01 per share dividend after reporting underlying profit had increased 16 per cent to $US6.3 billion over the half year.

Net operating cash flow of US$9.4 billion and free cash flow of US$5.2 billion reflects higher iron ore and copper prices and strong operational performance.

BHP Chief Executive Officer, Mike Henry says: “Our continued delivery of reliable operational performance during the half supported record production at Western Australia Iron Ore and record concentrator throughput at Escondida”.

Shares in BHP (ASX:BHP) are trading 1.03 per cent higher at $46.22.
 

Are you a 708 sophisticated investor?

A sophisticated investor is defined under Section 708 of the Corporations Act (net assets of $2.5 million or annual incomes in excess of $250,000).

They are eligible to receive information regarding wholesale investment opportunities that are not available to regular or retail investors.

Please subscribe if you would like to be alerted to these types of opportunities.