on site

Notice of 2024 interim dividend

On 20 February 2024, the Board of BHP determined to pay an interim dividend of 72 US cents per share for the half-year ended 31 December 2023. 

BHP’s Dividend Reinvestment Plan (DRP) will operate in respect of the interim dividend. Full terms and conditions of the DRP and details about how to participate can be found below.

Events in respect of the interim dividend 

Announcement of currency conversion into RAND 27 February 2024
Last day to trade cum dividend on Johannesburg Stock Exchange Limited (JSE) 5 March 2024
Ex-Dividend Date JSE 6 March 2024
Ex-dividend Date Australian Securities Exchange (ASX), London Stock Exchange (LSE) and New York Stock Exchange (NYSE) 7 March 2024
Record Date 8 March 2024
 Announcement of currency conversion into AUD, GBP and NZD 11 March 2024
DRP and Currency Election date  11 March 20241
Payment Date 28 March 2024
DRP Allocation Date2  15 April 2024

Shareholders registered on the South African branch register will not be able to dematerialise or rematerialise their shareholdings between the dates of 5 March 2024 and 8 March 2024 (inclusive), and transfers between the Australian register and the South African branch register will not be permitted between the dates of 27 February 2024 and 8 March 2024 (inclusive). American Depositary Shares (ADSs) each represent two fully paid ordinary shares and receive dividends accordingly.

Any eligible shareholder who wishes to participate in the DRP, or to vary a participation election should do so before 5:00pm (AEDT) on 11 March 2024, or, in the case of shareholdings on the South African branch register of BHP Group Limited, in accordance with the instructions of your CSDP or broker. The DRP Allocation Price will be calculated in each jurisdiction as an average of the price paid for all shares actually purchased to satisfy DRP elections. The DRP Allocation Price applicable to each exchange will be made available below in due course.

Dividend currencies and exchange rates

The following table sets out the currency exchange rates applicable for the dividend:

 

Shareholders on the Australian, UK and South African share registers who are receiving dividends in AUD, GBP and ZAR respectively will have their dividend amounts converted directly from USD at the relevant exchange rate stated above.

Shareholders on the Australian register may elect to receive their dividend in NZD, GBP or USD. Shareholders who have elected to receive their dividends in a currency other than AUD will have their dividend amounts converted using the AUD/USD conversion rate (above), before being converted into the currency of payment at the below rates3:

NZD/AUD: 0.932064
GBP/AUD: 1.932895

For example, a shareholder on the Australian share register who elects to receive their dividend in NZD will first have their dividend amount converted from USD to AUD, and then from AUD to NZD. The NZD/USD exchange rate and NZD equivalent amount per share stated in the table above are for illustrative purposes only and may differ from the actual rate and amount applied.

Shareholders on the South African register will only receive dividends in ZAR.

1 5:00pm AEDT.

2 Allocation dates may vary between registers but all allocations will be completed on or before 15 April 2024.

3 For the secondary conversion, the NZD/AUD and GBP/AUD currency conversions will be based on the rates on 8 March 2024.

 

Summary of dividend reinvestment price
Summary of previous dividends

 

Dividend Reinvestment Plan

BHP Group Limited established a Dividend Reinvestment Plan (involving on-market purchase) in 2018. Subject to the terms and conditions of the Plan, shareholders are able to elect to use their cash dividend for the purchase of BHP shares. The Dividend Reinvestment Plan was amended following the unification of BHP's dual listed company structure to provide former BHP Group Plc shareholders with an opportunity to  participate in the BHP Group Limited Plan. Former BHP Group Plc shareholders who wish to participate in the BHP Group Limited Plan should note that they will need to make a new election to participate in the Plan.

  1. Dividend Reinvestment Plan Rules
  2. DRP Election Form – ASX
  3. DRP Terms and Conditions – JSE
  4. DRP Election form – JSE
  5. DRP Terms and Conditions – LSE 
  6. DRP Election Form - LSE