BHP reported a record $3.9 bln final dividend alongside its highest earnings in five years. CEO Andrew Mackenzie has delivered on his shareholder return promises. Any successor will face harder choices. ClaraMarquesRTR
BHP, the world’s biggest miner, on Aug. 20 reported full-year underlying attributable profit of $9.1 billion, up 2% from a year ago and just shy of an average forecast by analysts of $9.4 billion. The figure strips out exceptional items. Underlying attributable profit from continuing operations dipped 2%.
The company announced a record final dividend of 78 cents a share, taking the total ordinary dividend to $1.33, or $6.7 billion. BHP also has returned the net proceeds from the sale of its shale operations, $10.4 billion.
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