BHP Group Limited (ASX: BHP) is one of the largest companies on ASX in terms of market cap with a long dividend history since 1984. BHP is among the top commodities producers like iron ore, nickel, and metallurgical coal.
On 15 February 2022, BHP Group released its half-yearly results for the period ended 31 December 2021. The Company had a strong half-year where it achieved its third consecutive fatality-free calendar year. It lessened the impacts of COVID-19 & unfavourable weather events to turn in a strong operational performance, especially from its top Western Australian Iron Ore business.
In 1H FY2022, the Company announced an interim dividend of US$1.50 per share. With this, the total shareholder returns reached over US$22 billion over the past 18 months. The Company's record interim dividend was backed by reliable operating performance and constant strong markets for several of BHP's products.
Furthermore, the Company made strong progress on the execution of its strategy. It unified the BHP corporate structure with robust support from shareholders. It announced and made progress towards the proposed merger of its petroleum business with Woodside during the period. Other than this, it also progressed the divestments of its certain coal assets. BHP also announced the final investment decision for its Jansen Stage 1 potash project. It secured more growth options in future-facing commodities.
A Glance at 1H FY2022 results:
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