SmarterDividends
BHP

BHP Group Limited

BHP

Basic Materials · Other Industrial Metals & Mining · Stock · semiannual payer

$80.82

Overvalued · -15% Add to Portfolio

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?

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.

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-dateChangeOld → newMove
Sep 4, 2026Higher$1.00 → $1.98+98.0%
Mar 6, 2026Lower$1.48 → $1.46−1.4%
Mar 7, 2025Lower$1.44 → $1.00−30.6%
Sep 13, 2024Lower$1.60 → $1.48−7.5%
Mar 7, 2024Lower$1.80 → $1.44−20.0%
Sep 7, 2023Lower$2.68 → $1.60−40.2%
Feb 24, 2022Higher$0.981 → $2.68+172.7%
Mar 4, 2021Higher$1.16 → $1.80+55.4%
Sep 3, 2020Lower$1.39 → $0.981−29.5%
Mar 5, 2020Higher$0.981 → $1.16+18.2%
Sep 5, 2019Higher$1.12 → $1.39+23.8%
Sep 6, 2018Higher$0.767 → $1.12+46.5%
Every BHP payment →Download every raise and cut (CSV)
BHP ex-dividend date & scheduleNext ex-date Sep 4, 2026 · full ex-dividend historyView →BHP dividend historyEvery payment, totals by year, raises and cutsView →

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.

Income Calculator

At $3.96 / yr per share

Per payment (semiannual)$198.00
Annual$396.00
Monthly avg$33.00

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