The BHP Group Ltd (ASX: BHP) share price has continued to accelerate over the last month.
Despite finishing 2.39% lower to $46.24 at Thursday's market close, the mining giant's shares are up 15% since 12 May.
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A bullish run for BHP shares
An uptick in iron ore prices following favourable trading conditions for BHP has led its shares on a bullish run.
The steel-making ingredient is fetching US$147 per tonne at the time of writing. This represents a lift of 10% over the past four weeks.
With China easing COVID-19 restrictions, the market is optimistic the demand for iron ore will return to normal levels.
As a result, BHP has enjoyed strong margins so far and could be set for a robust scorecard if market settings persist.
What's BHP dividend yield?
In the company's first-half results, the board declared a record fully franked interim dividend of US$1.50 (A$2.08) per share. This reflected an increase of 49% over the prior corresponding period on the back of a stellar performance.
However, according to Goldman Sachs, BHP could pay a final dividend of US$2.00 (A$2.78) per share for the second half.
When pitted against the current share price, this translates to a dividend yield of roughly a massive 10.5%.
While most companies have a dividend yield of between 1% and 5%, BHP is handsomely sharing its profits with shareholders.
And it's worth noting that if the BHP share price begins to drop, this will only further elevate the company's dividend yield.
BHP share price snapshot
In 2022, the BHP share price has travelled 25% higher after a bumpy ride at the start of the year. Higher commodity prices along with renewed investor confidence have supported the company's shares.
Regarded as the world's largest mining company, BHP commands a market capitalisation of approximately $239.8 billion.
