On September 2, 2021, HP Group Limited (BHP) will begin trading ex-dividend. On September 21, 2021, the company intends to issue a cash dividend of $4 per share. BHP’s cash dividend is payable to shareholders who purchased the stock prior to the ex-dividend date. Compared to the previous dividend payout, this is a 98.02 percent increase.
Will BHP pay a dividend in 2021?
For the fiscal year ending June 30, 2021, BHP’s Board of Directors decided to issue a final dividend of 200 US cents per share. A single day’s or a week’s worth of exchange rates, ending on or before the Record Date, are used to calculate currency conversions.
To calculate the final dividend for fiscal year 2021, I the Australian dollar currency conversion will be based on a four-day average rate beginning on 31 August 2021 and ending on 3 September 2021; (ii) the UK pounds sterling currency conversion will be calculated using a two-day average rate beginning on 2 September 2021 and ending on 3 September 2021; (iii) New Zealand dollar currency conversion will be calculated using the rate on 3 September 2021; and (iv) South African rand currency conversion will be calculated using a three-day average rate beginning on 2 September 2021 and ending on 3 September 2021.
The following table shows the applicable dividend exchange rates:
What dividend is BHP paying in September 2021?
The ex-dividend date for BHP Group Limited (BHP) is September 2, 2021. On September 21, 2021, a cash dividend of $4 per share will be paid. BHP’s cash dividend is payable to shareholders who purchased the stock prior to the ex-dividend date.
Is BHP dividend safe?
Free cash flow is used to calculate the payout ratio, which comes to 74.7 percent. BHP distributes 133.5 percent of its profits to its stockholders. Our dividend reliability metric is 0.8 out of a possible 1.0. This is a sign of a company that has paid dividends in the past.
Does BHP pay fully franked dividends?
This week, BHP unveiled a slew of portfolio and organizational reforms that put the company in a better position to capitalize on global demand for commodities that support economic development and decarbonization.
“BHP continues to provide excellent shareholder returns, anchored by solid operational and financial performance,” Chief Executive Officer Mike Henry stated. Developing long-term value is at the heart of our strategy, which we are implementing now. We’ll be able to meet the world’s need for goods in a sustainable manner.”
- A $5.7 billion investment in Canada’s Jansen Stage 1 project, a new high-margin enterprise in the world’s best potash basin that also opens up a new future expansion front for BHP, will be made.
- The agreement to seek a merger of BHP’s petroleum division with Woodside will result in the development of a global top 10 independent energy firm. Shareholders of BHP will hold a 48% stake in this business.
- BHP’s corporate structure is expected to be simplified and more adaptable as a result of a single primary listing on the Australian Securities Exchange.
Consistent with its goal of securing growth in commodities confronting the future, BHP has also recently made a public offer to acquire Canada’s Noront Resources in an attractive region’s highly potential nickel basin. A unanimous recommendation by the board of directors of Noront is that shareholders accept BHP’s offer.
Mr Henry stated: “BHP’s products are critical to the expansion of the world economy, the rise of living standards, and the move to a cleaner energy source.
“Iron ore and high-quality metallurgical coal will be needed to produce the steel needed for infrastructure, including that required for decarbonization, and potash will be needed for sustainable global food production in order to meet the rising demand for electrification, renewable energy, and electric vehicles (EVs).
“For the benefit of our shareholders, employees, business partners, and host communities and governments as well, we are actively positioning BHP to meet global needs.
After today’s announcement of a record final dividend of US$2 per share, BHP’s total shareholder returns for the year now exceed US$15 billion.
Mr Henry stated: “Our 2021 results are a reflection of the dedication and hard work of everyone at BHP. High commodity prices and BHP’s operational rigor and capital restraint were the foundations of our impressive financial performance.
“To far, we’ve contributed $40.9 billion in total to the economy, which includes contributions to local communities, payments to local suppliers, and taxes, royalties, and other payments to governments.
An investment in Canada’s Jansen Stage 1 by BHP’s board of directors has been approved at a cost of $5.7 billion. Production of 4.35 million tonnes of potash per year is expected to begin in 2027, with a two-year ramp-up period following.
In his own words: “The acquisition of Jansen provides BHP with more than just a new product; it also opens up new avenues of growth. Investing in Jansen is a good idea because it’s situated in one of the top potash basins in the world.
“Jansen is a high-margin, scalable resource that can support operations for a century or longer. Potash gives BHP a wider range of commodities, countries, and customers to choose from. With this, BHP enters a new and exciting chapter in its history.”
In fertilizer, potash is a potassium-rich salt that’s crucial to plant growth. A rising worldwide population and the need for more environmentally friendly farming methods are driving the demand for potash.
Stage 1 of the Jansen Potash Mine is projected to be low-cost and environmentally friendly, with a low water use and carbon footprint.
There will be 3,500 construction employment and 600 jobs in ongoing operations at Jansen Stage 1, as well as chances for indigenous enterprises. Gender equality will be a priority at Jansen, and First Nations employees will make up 20% of the workforce. BHP has inked Opportunity Agreements with six local First Nations communities near the project site, the first of its kind in the potash business.
A global independent energy firm with a portfolio covering the world’s finest oil and gas locations, from the North West Shelf to the Gulf of Mexico, is being proposed by BHP to merge its Petroleum holdings with Woodside.
In his own words: “By combining BHP’s Petroleum division with Woodside, the combined firm will rank among the world’s top ten independent energy producers, opening up new opportunities for BHP’s shareholders in terms of both value creation and diversification. Together, the two companies will be more resilient and continue to add value even as the world moves toward cleaner energy.
“Future-facing commodities like petroleum and Jansen, which are most strongly linked to population expansion, improving living standards, electrification, and decarbonization, will increase the weighting of BHP’s remaining portfolio. As a result of this merger, more capital will be available for long-term growth and shareholder rewards.”
There is a wide range of high-return brownfield and greenfield projects in some of the world’s most promising oil and gas basins that the amalgamated business would have access to. A good example of this recent commitment is BHP’s recent commitment of more over US$800 million to pursue both the Shenzi North and the Trion projects.
In the amalgamated company, BHP shareholders would control 48 percent, and Woodside owners will possess 52 percent.
The merger is planned to be finalized in the second quarter of the calendar year of 2022, subject to regulatory and other approvals.
For the time being, BHP operates as a dual-listed business with two parent entities: BHP Group Limited in Australia (BHP Ltd) and BHP Group Plc (BHP Plc).
With BHP Ltd’s principal listing on the Australian Securities Exchange (ASX), BHP is considering adopting a single company structure (ASX). BHP Ltd shares would be listed on the Australian, London, and Johannesburg stock exchanges, as well as on the New York Stock Exchange, under a unified corporate structure.
Mr Henry had this to say: “The BHP corporate structure should be simplified now. “BHP will be better positioned for future growth and success as a result of the consolidation of the organization.”
The qualifying BHP Plc shareholders would get one share in BHP Ltd for each share they possess if a unified structure is enacted. Shares in BHP Ltd would remain unchanged. There will be no change in the dividend policy of BHP or its capacity to deliver fully franked dividends.
BHP shareholders are likely to vote on unification in the first half of 2022, subject to final Board approval.
How often are dividends paid?
What is the frequency of dividend payments? Although some corporations in the United States pay dividends monthly or semiannually, the majority pay quarterly in the United States. Each dividend must be approved by the company’s board of directors. The ex-dividend date, dividend amount, and payment date will then be announced by the corporation.
How long do I have to hold a stock to get dividends?
You must hold the shares for a minimum number of days in order to earn the preferable 15% dividend tax rate. Within the 121-day window surrounding the ex-dividend date, that minimal term is 61 days. At 60 days prior to the ex-dividend date, the 121-day period commences to run.
Do Tesla pay dividends?
Tesla has never paid a dividend to its shareholders. Therefore, we do not expect to distribute any cash dividends in the near future because we aim to keep all future earnings to fund further expansion.
How long does it take to receive dividend payments?
In the event of a dividend, all shareholders of the company are notified by a press release; the information is frequently reported by major stock quoting systems for convenient reference. The most important dates for an investor to keep an eye out for are:
- A record date, also known as the date of record, is established at the time of declaration. Therefore, dividends are due to all stockholders who were listed as of that date.
- Stocks begin trading ex-dividend on the day before their record date, which is referred to as the “ex date.” By purchasing shares on the ex-date, a buyer forfeits their right to the most recent dividend payment.
The corporation makes a deposit with the Depository Trust Company on the date of payment for the purpose of disbursing monies to shareholders (DTC). The DTC then distributes the cash payments to the various brokerage firms across the world where the company’s shares are held by shareholders. As instructed by the customer, the recipient firms apply cash dividends to client accounts and perform reinvestment operations.
A shareholder’s tax status is influenced by a variety of factors, including the dividend declared, the account type in which they hold their shares, and how long they’ve owned the shares for. For tax purposes, dividend payments are summarized on Form 1099-DIV.
When did BP stop paying dividends?
The dividend reinvestment option is available to shareholders who prefer to have their dividends deposited straight into their bank account. Bank of America does not any longer mail out dividend checks to shareholders.
The bp Share Centre is the best place to go if you want to make your dividend payment option. As an alternative to providing your bank information, you can contact Link Asset Services and request a dividend mandate form.
It is possible to receive dividend payments in your local currency via the International Payment Service (IPS) if you are an ordinary shareholder from outside of the United States.
Please contact Link Asset Services for more information on the IPS and to sign up for a free trial.
ADS holders
According to BP’s aim of promoting efficient and innovative methods of contact with shareholders, bp will no longer pay dividends by check in December 2019. Direct deposit or dividend reinvestment are two options for shareholders to receive their dividends. Find out more by clicking here.
