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BHP trims dividend as it braces for Covid-19 fallout

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Global miner’s total dividend for the year to end-June falls about 10%

BHP Billiton function in Sydney, Australia on August 20 2013. Picture: REUTERS / DAVID GRAY

Iron ore prices have been boosted since a dam disaster in Brazil disrupted global supply in 2019, helping to offset lower coal and oil prices during the pandemic. The group’s policy is to pay out at least 50% of underlying attributable profit, referring to profits received rather than profits accounted for on the balance sheet.

 

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