BHP’s interim dividend falls to lowest level since 2017 amid iron ore decline
Falling iron ore prices has cut the payout BHP shareholders will receive, with earnings from its growing copper portfolio not enough to pick up the slack.
The Big Australian is also taking a big bet on the Indonesian government clamping down on mining in the country for its shuttered WA nickel division to have any chance of being revived.
BHP’s interim dividend declined from US72¢ to US50¢ as weaker Chinese steel demand pushed WA iron ore underlying earnings for the first half of the 2025 financial year down by more than a quarter from $US9.7 billion ($14.5b) to $US7.2b.
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By continuing you agree to our Terms and Privacy Policy.Underlying earnings from BHP’s expanding stable of copper mines increased by $US1.5b to $US5b and now constitutes 39 per cent of the company’s underlying earnings. In the prior period copper made up 25 per cent of .
Group revenue was down 8 per cent $US25.2b, while profit rose 376 per cent year-on-year to $US4.4b, but was lower than analysts had anticipated. The first-half profit result was impacted by a huge write-down on Nickel West.
More to come . . .
Originally published as BHP’s interim dividend falls to lowest level since 2017 amid iron ore decline
