The BHP Group Ltd (ASX: BHP) share price could be on the move today.
This comes despite the mining giant not releasing any price-sensitive announcements to the ASX.
At yesterday's market close, BHP shares finished 1.04% lower to $41.75 apiece.
BHP shares set to go ex-dividend
While the company has been quiet on the news front lately, investors will be eyeing the BHP share price.
This is because of the upcoming ex-dividend date.
If you want to secure the company's latest dividend, you'll need to buy BHP shares before market close today. The ex-dividend date falls tomorrow on 1 September.
Although, be wary that more than likely a fall will happen when the shares trade ex-dividend. This is because investors quickly offload the share to book in a profit.
What does this mean for BHP shareholders?
If you manage to secure the BHP final dividend, you can expect to receive a payment of US $1.75 per share on 22 September. The dividend is also fully franked meaning you'll get tax credits from this.
However, if you opt-in for the dividend reinvestment plan (DRP), this will add a portion of shares to your portfolio instead.
No DRP discount will be applied, and the reinvestment price will be the on-market price of the shares which are purchased after the dividend payment.
The last election date for shareholders to participate in the DRP is on 5 September.
BHP share price summary
Since the beginning of 2022, the BHP share price has gained 12% but is up only 2% for the last 12 months.
The company's shares struggled from early June 2022 as extreme volatility impacted the ASX along with lower iron ore prices.
Based on today's price, BHP commands a market capitalisation of approximately $213.58 billion and has a dividend yield of 11.20%.
