Looking to bag the latest BHP Group Ltd (ASX: BHP) dividend?
You're not alone!
BHP shares have long been popular with passive income investors for the twice-yearly, fully franked dividends the S&P/ASX 200 Index (ASX: XJO) mining giant pays out.
While those dividends have come down from the record highs paid out in 2021 and 2022 amid soaring iron ore, copper and coal prices at that time, so too has the BHP share price.
So, despite a dip in the FY 2024 final dividend from last year, the ASX 200 miner still trades on a juicy dividend yield.
Here's the latest.
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BHP dividend down but far from out
BHP reported its full-year results for the 12 months to 30 June (FY 2024) this morning.
ASX 200 investors appear pleased with those results. The BHP share price is up 1.8% at $41.56 as we head into the Tuesday lunch hour. That compares favourably to the 0.1% loss posted by the ASX 200 at this same time.
Among the core financial metrics, BHP reported a 3% year on year increase in revenue to US$55.7 billion. And underlying profits were up 2% to US$13.7 billion.
This saw management declare a fully franked final BHP dividend of 74 US cents per share, representing a return of US$3.8 billion to shareholders.
Commenting on the passive income payout, management said:
As a result of this strong performance, combined with our healthy balance sheet, we determined a final dividend of 74 US cents per share, a 53% payout ratio, continuing our track record of delivering robust shareholder returns through the cycle.
Now that is down from the FY 2023 final dividend of US 80 cents per share.
But as I mentioned, the BHP share price is down almost 18% in 2024.
We won't know the exact Aussie dollar equivalent of the final BHP dividend until 16 September. But at today's exchange rate it works out to approximately AU$1.094 per share. Adding in the interim dividend of AU$1.096 and the ASX 200 miner will have paid out AU$2.19 a share over 12 months.
At the current BHP share price, this equates to a fully franked yield (part trailing, part pending) of 5.3%.
Now, if you'd like to score the latest round of passive income, you'll need to own shares at market close on 11 September. BHP shares trade ex-dividend on 12 September.
You can then expect that payout to land in your bank account on 3 October unless you opt for BHP's dividend reinvestment plan (DRP), which is in effect for this payout.
