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BHP’s iron fist smashes dividend record

Peter Ker

Key Points

  • Revenue ($m) 25,639, up 15pc from year-earlier 22,294
  • Pre-tax profit ($m) 8826 v 7790
  • Net profit ($USm) 4828 v 5190
  • Interim dividend USc101 v USc65, payable on March 23 

BHP has smashed its interim dividend record by 55 per cent after bumper iron ore prices and strong exports from Western Australia’s Pilbara region delivered the miner’s best underlying half-year profit in nine years.

Shareholders will receive a better than expected $US1.01 per share after the miner reported a $US6.03 ($7.75) billion underlying interim profit on Tuesday.

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Peter Ker covers resource companies for The Australian Financial Review, based in Melbourne. Connect with Peter on Twitter. Email Peter at pker@afr.com

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    Original URL: https://www.afr.com/companies/mining/bhp-s-iron-fist-smashes-dividend-record-20210215-p572qs