The BHP plc Board has determined to pay an interim dividend of US$1.01 per share (or US$5.1 billion), equivalent to an 85% payout ratio on an underlying basis.
The dividend policy provides for a minimum 50 per cent payout of underlying attributable profit at every reporting period. The minimum dividend payment for the December 2020 half year period is 60 US cents per share or US$3.0 billion.
The BHP Board has determined to pay an additional amount of 41 US cents per share or US$2.1 billion, taking the interim dividend to US$1.01 per share or US$5.1 billion. This is equivalent to an 85 per cent payout ratio (31 December 2019: 63 per cent) on an underlying basis.
The dividend determined for the half year is approximately equal to the free cash flow generated during the period.
