
BHP Group Limited
BHPBasic Materials · Other Industrial Metals & Mining · Stock · semiannual payer
Forward Yield
4.90%
Annual Dividend
$3.96
Payout Ratio
69%
5-Yr Growth
-1.4%
Ex-Date
Sep 4, 2026
Frequency
Semiannual
Key facts about BHP's dividend
Data as of · Source: SmarterDividends data
- As of Oct 22, 2026, BHP Group Limited (BHP) has a forward dividend yield of 4.90%, based on an annual dividend of $3.96 per share and a share price of $80.82.
- As of Oct 22, 2026, BHP's dividend safety grade from SmarterDividends is C (56 out of 100), which rates the dividend as borderline.
- BHP last cut its regular dividend in 2024.
- BHP's most recent ex-dividend date was Sep 4, 2026, for a dividend of $1.98 per share.
- As of Oct 22, 2026, BHP pays out 69% of its trailing 12-month earnings as dividends (its payout ratio).
- BHP's dividend has shrunk at an average rate of 1.4% a year over the past five years.
- As of Oct 22, 2026, BHP's 4.90% yield is 24% below its five-year average yield of 6.46%.
- As of Oct 22, 2026, SmarterDividends' blended fair-value estimate for BHP is $68.44 per share, 15% below the $80.82 share price, so BHP screens as overvalued.
- BHP Group Limited (BHP) pays its dividend semiannual, 2 times a year.
Cite this page
SmarterDividends, "BHP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 22, 2026, https://smarterdividends.com/stocks/BHP
Summary
As of Oct 22, 2026, BHP Group Limited (BHP) yields 4.90% ($3.96 a year per share) and has a dividend safety grade of C (56/100).
Is BHP a good dividend stock?
MixedBHP Group Limited (BHP) pays a semiannual dividend yielding 4.90% ($3.96/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- 66% total price return over 5 years
Risks
- Cut its dividend in 2024
- Dividend has been shrinking, not growing
Key Data
- Dividend Yield
- 4.90%
- Payout Ratio
- 69%
- Annual Dividend
- $3.96
- 5-Yr Avg Growth
- -1.4%
- Ex-Dividend Date
- Sep 4, 2026
- Years of Growth
- 0
- Frequency
- semiannual
- Beta
- 0.82
- Market Cap
- $205.4B
- P/E Ratio
- 20.9
- 5-Yr Total Return
- 66%
- 52-Week Range
- $52.18 – $98.71
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2024)
BHP dividend changes
BHP Group Limited (BHP) pays a variable dividend: across the 81 payments on record since 1987, 48 were higher than the one before and 21 lower. The latest change was up 98.0% to $1.98 per share, going ex-dividend on Sep 4, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Sep 4, 2026 | Higher | $1.00 → $1.98 | +98.0% |
| Mar 6, 2026 | Lower | $1.48 → $1.46 | −1.4% |
| Mar 7, 2025 | Lower | $1.44 → $1.00 | −30.6% |
| Sep 13, 2024 | Lower | $1.60 → $1.48 | −7.5% |
| Mar 7, 2024 | Lower | $1.80 → $1.44 | −20.0% |
| Sep 7, 2023 | Lower | $2.68 → $1.60 | −40.2% |
| Feb 24, 2022 | Higher | $0.981 → $2.68 | +172.7% |
| Mar 4, 2021 | Higher | $1.16 → $1.80 | +55.4% |
| Sep 3, 2020 | Lower | $1.39 → $0.981 | −29.5% |
| Mar 5, 2020 | Higher | $0.981 → $1.16 | +18.2% |
| Sep 5, 2019 | Higher | $1.12 → $1.39 | +23.8% |
| Sep 6, 2018 | Higher | $0.767 → $1.12 | +46.5% |
Frequently Asked Questions
Is BHP a good dividend stock?
Mixed. BHP Group Limited (BHP) pays a semiannual dividend yielding 4.90% ($3.96/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Is BHP undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BHP's fair value is about $68.44 versus a $80.82 share price — so it looks overvalued (-15% vs. fair value).
Is BHP's dividend safe?
BHP has a dividend-safety grade of C (56/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.
What is BHP's fair value?
Our blended fair-value estimate for BHP is about $68.44 per share, about 15% below the current $80.82 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is BHP a buy, hold, or sell?
We don't issue formal ratings, but on the data BHP screens as "mixed" and overvalued. BHP Group Limited (BHP) pays a semiannual dividend yielding 4.90% ($3.96/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.
Will BHP cut its dividend?
BHP earns a dividend-safety grade of C (56/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does BHP pay a dividend?
Yes. BHP Group Limited pays a semiannual dividend of about $3.96 per share annually, a forward yield of roughly 4.90%.
What is BHP's dividend yield?
As of Oct 22, 2026, BHP's forward dividend yield is 4.90%, based on a $3.96 annual dividend and a $80.82 share price.
What is BHP's dividend per share?
As of Oct 22, 2026, BHP pays $3.96 per share per year, distributed on a semiannual basis.
What is BHP's dividend payout ratio?
As of Oct 22, 2026, BHP's payout ratio is 69% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has BHP grown its dividend?
BHP does not currently have a long dividend-growth streak on record.
When is the next BHP ex-dividend date?
As of Oct 22, 2026, BHP's next ex-dividend date hasn't been announced. The most recent was Sep 4, 2026, for $1.98 per share.
BHP Price — Last 12 Months
Daily close
Price Return
1 Year
+52%
3 Years
+37%
5 Years
+66%
52-Week Range
$52.18 – $98.71
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BHP worth?
Overvaluedhigh confidenceOur blended fair-value estimate for BHP Group Limited is $68.44 per share, versus a market price of $80.82. That implies 15% of downside.
Fair Value
$68.44
Current Price
$80.82
Downside
-15%
Margin of Safety
-18%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 5.0% annual free-cash-flow growth. We model 3.2% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.4% discount rate (CAPM), 3.2% growth for five years fading to 2.5% over the next five, $3.86 EPS, $3.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BHP Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full BHP dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 4, 2026 | Sep 23, 2026 | $1.9800 | regular |
| Mar 6, 2026 | Mar 26, 2026 | $1.4600 | regular |
| Mar 7, 2025 | Mar 27, 2025 | $1.0000 | regular |
| Sep 13, 2024 | Oct 3, 2024 | $1.4800 | regular |
| Mar 7, 2024 | Mar 28, 2024 | $1.4400 | regular |
| Sep 7, 2023 | Sep 28, 2023 | $1.6000 | regular |
| Mar 9, 2023 | Mar 30, 2023 | $1.8000 | regular |
| Sep 1, 2022 | Sep 22, 2022 | $3.5000 | regular |
| Feb 24, 2022 | Mar 28, 2022 | $2.6762 | regular |
| Sep 2, 2021 | Sep 21, 2021 | $3.5682 | regular |
| Mar 4, 2021 | Mar 23, 2021 | $1.8020 | regular |
| Sep 3, 2020 | Sep 22, 2020 | $0.9813 | regular |
| Mar 5, 2020 | Mar 24, 2020 | $1.1597 | regular |
| Sep 5, 2019 | Sep 25, 2019 | $1.3916 | regular |
Income Calculator
At $3.96 / yr per share
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