on site

Notice of 2024 final dividend

On 27 August 2024, the Board of BHP determined to pay a final dividend of 74 US cents per share for the year ended 30 June 2024. 

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

Events in respect of the final dividend 

Announcement of currency conversion into RAND 3 September 2024
Last day to trade cum dividend on Johannesburg Stock Exchange Limited (JSE) 10 September 2024
Ex-Dividend Date JSE 11 September 2024
Ex-dividend Date Australian Securities Exchange (ASX) and London Stock Exchange (LSE) 12 September 2024
 Ex-dividend Date New York Stock Exchange (NYSE) 13 September 2024 
Record Date 13 September 2024
 Announcement of currency conversion into AUD, GBP and NZD 16 September 2024
DRP and Currency Election date  16 September 20241
Payment Date 3 October 2024
DRP Allocation Date2  17 October 2024

Shareholders registered on the South African branch register will not be able to dematerialise or rematerialise their shareholdings between the dates of 10 September 2024 and 13 September 2024 (inclusive), and transfers between the Australian register and the South African branch register will not be permitted between the dates of 3 September 2024 and 13 September 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 (AEST) on 16 September 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 at bhp.com/DRP.

1 5:00pm AEST.

2 Allocation dates may vary between registers but all allocations will be completed on or before 17 October 2024.

Dividend currencies and exchange rates

On 27 August 2024, the Board of BHP determined to pay a final dividend of 74 US cents per share for the full year ended 30 June 2024. Currency conversions are based on foreign currency exchange rates on a single day or an average for a period of days ending on or before the Record Date, being 13 September 2024.

For the 2024 final dividend: 

  1. the AUD Australian dollar currency conversion will be based on the average rate over a four day period commencing on 10 September 2024 and ending on 13 September 2024; 
  2. the GBP pound sterling currency conversion will be based on the rate on 13 September 2024; 
  3. the NZD New Zealand dollar currency conversion will be based on the rate on 13 September 2024; and
  4. the ZAR South African rand currency conversion will be based on the rate on 30 August 20241.

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 rates2:
NZD/AUD: 0.922338
GBP/AUD: 1.961825

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.

The dividend will be paid on Thursday, 3 October 2024.

1 On 3 September 2024, BHP announced the currency exchange rate applicable to the dividend payable in South African cents.
2 For the secondary conversion, the NZD/AUD and GBP/AUD currency conversions will be based on the rates on 13 September 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