Dividends

12 Months Ended

Jun. 30, 2023

19 Dividends


	Year ended 30 June 2023				Year ended 30 June 2022				Year ended 30 June 2021
	Per share		Total		Per share		Total		Per share		Total
	US cents		US$M		US cents		US$M		US cents		US$M
Dividends paid during the period 1
Prior year final dividend		175		8,858		200		10,119		55		2,779
Interim dividend		90		4,562		150		7,601		101		5,115

		265		13,420		350		17,720		156		7,894

1	5.5 per cent dividend on 50,000 preference shares of £1 each determined and paid for financial year 2021. No dividend paid for the financial year 2022. These preference shares were cancelled on 31 January 2022.

Dividends paid during the period differs from the amount of dividends paid in the Consolidated Cash Flow Statement as a result of foreign exchange gains and losses relating to the timing of equity distributions between the record date and the payment date. Additional derivative settlements of US$161 million were made as part of the funding of the dividend paid during the period and is disclosed in Proceeds/(settlements) of cash management related instruments in the Consolidated Cash Flow Statement.

Each American Depositary Share (ADS) represents two ordinary shares of BHP Group Limited. Dividends determined on each ADS represent twice the dividend determined on each BHP Group Limited ordinary share.

Dividends are determined after

period-end

and announced with the results for the period. Interim dividends are determined in February and paid in March. Final dividends are determined in August and paid in September. Dividends determined are not recorded as a liability at the end of the period to which they relate. Subsequent to

year-end,

on 22 August 2023, BHP Group Limited determined a final dividend of 80 US cents per share (US$4,052 million), which will be paid on

8 September 2023 (30 June 2022: final dividend of 175 US cents per share – US$8,857 million; 30 June 2021: final dividend of 200 US cents per share – US$10,114 million).

BHP Group Limited dividends for all periods presented are, or will be, fully franked based on a tax rate of 30 per cent.


	2023			2022		2021
	US$M			US$M		US$M
Franking credits as at 30 June		7,953			7,007		14,302
Franking credits arising on the future payment/(refund) of taxes relating to the period		(261	)		2,043		1,799

Total franking credits available 1		7,692			9,050		16,101

1	The payment of the final 2023 dividend determined after 30 June 2023 will reduce the franking account balance by US$1,737 million.