BHP Dividend Report Prophet Invest

BHP Shares have had an excellent run for many mum and dad investors who held the stock for many years. This article will report in detail, the BHP Dividend.

The calculated Annual Rate of Return over the last 20-years is ~10.07% (excluding dividends). This return is certainly better than nearly all term deposits out there in the market today and is also higher than the ASX200 benchmark average return.

It’s worth pointing out early that mining is a very cyclical sector, and if you bought at the top in 2008 or 2011, you would not have had the same market-beating returns.

BHP Dividend Facts

Dividend Per Share(TTM)$2.0659
Gross DPS(TTM)$2.9513
Dividend yield3.97%
Gross yield5.66%
Payout Ratio66%
DRPYes
DRP Features
BHP Dividend Key Facts

BHP currently pays a dividend of 3.97% or a quite substantial 5.66% fully grossed up. The company also has a DRP feature allowing holders to reinvest their dividends more efficiently.

BHP Dividend Dates 2021

Full-year results and final dividend announcement date16 Aug 2021
The ex-dividend date for the final dividend20/21 Sep 2021*
The record date for the final dividend6/7 Sep 2021*
DRP participation deadlineTBA
Final dividend payment date25 Sep 2021*
BHP Dividend Dates 2021

*Typically

BHP Dividend History Graph

BHP has paid a dividend every year since 2009 and has typically been 100% franked each year that they have been paid. The company typically pays a dividend twice yearly, with a half-yearly and a second payment with the company full-year results.

BHP Dividend
BHP Dividend History Chart – Source Company Data

BHP Dividend Yields Comparison

BHP’s current gross dividend yield is 5.66%. This is slightly higher than the major banks (CBA, WBC, NAB, and ANZ). It is also slightly higher than the market average of 4.7%.

You can see below that BHP pays one of the highest gross dividend yields in the ASX20 and significantly outperforms holding cash in a term deposit, which has been assumed at 1%.

BHP VS Other Major Dividend Payers

BHP Share Price

The BHP share price is trading up +30.77% this year or 12.26 to a multi-year high of $54.55 per share. It’s also worth noting that BHP is dual-listed on the London Stock Exchange.

The company has a market capitalisation of A$243.79billion and trades on a price to earnings ratio of 28.04.

BHP Dividend Policy

BHP:ASX Dividend Policy is:

  • The BHP dividend policy provides a minimum 50% payout of Underlying attributable profit at every reporting period.
  • The Board will assess, every reporting period, the ability to pay amounts additional to the minimum payment, in accordance with the capital allocation framework.

Source: BHP

When will my BHP Dividend be Paid?

BHP typically pays dividends twice yearly in line with their half and full-year reports. These dividends are normally paid in March (interim) and September (final) of each year.

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Payment dates are listed on the financial calendar

BHP Dividend Reinvestment Plan (DRIP)

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BHP DRIP Facts

A DRIP or dividend reinvestment plan allows investors to automatically reinvest their dividends for additional shares in the company. Using this method, the investor will still receive the franking credit and will still be taxed on the cash value of their dividend. 

The simplest way to elect to participate in a company’s DRIP is through the related share registry (i.e. Computershare or Link Market Services). In Computershare it’s as simple as going ‘my profile’- ‘Reinvestment plans’ and selecting the company and electing to participate in full or partially. That is either the entire amount or a partial amount of your dividend is reinvested. On Link, you simply click view details of the company of interest and update it in the ‘payments and tax’ section.

For more information check out our ASX DRIP VS NON-DRIP Guide

BHP Dividend History

Ex-DateAmountFrankingGrossTypePayable
04/03/2021$1.3113100%$1.8734Interim23/03/2021
03/09/2020$0.7546100%$1.0779Final22/09/2020
05/03/2020$0.994100%$1.4201Interim24/03/2020
05/09/2019$1.1499100%$1.6428Final25/09/2019
07/03/2019$0.7808100%$1.1154Interim26/03/2019
10/01/2019$1.4127100%$2.0182Interim30/01/2019
06/09/2018$0.8855100%$1.2649Final25/09/2018
08/03/2018$0.7059100%$1.0084Interim27/03/2018
07/09/2017$0.5295100%$0.7564Final26/09/2017
09/03/2017$0.5318100%$0.7597Interim28/03/2017
01/09/2016$0.1852100%$0.2646Final20/09/2016
10/03/2016$0.2137100%$0.3053Interim31/03/2016
09/09/2015$0.8778100%$1.254Final29/09/2015
11/03/2015$0.8082100%$1.1546Interim31/03/2015
03/09/2014$0.662100%$0.9457Final23/09/2014
03/03/2014$0.6472100%$0.9246Interim26/03/2014
02/09/2013$0.6438100%$0.9197Final25/09/2013
04/03/2013$0.5557100%$0.7938Interim28/03/2013
03/09/2012$0.5508100%$0.7869Final28/09/2012
27/02/2012$0.5107100%$0.7296Interim22/03/2012
05/09/2011$0.5201100%$0.743Final29/09/2011
07/03/2011$0.4594100%$0.6562Interim31/03/2011
06/09/2010$0.4865100%$0.695Final30/09/2010
01/03/2010$0.4647100%$0.6639Interim23/03/2010
31/08/2009$0.4868100%$0.6955Final25/09/2009
23/02/2009$0.6495100%$0.9279Interim17/03/2009
BHP Payment Dividend History
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