ASX 200 mining shares are among the most popular stocks for investors seeking dividends today.
Major miners like Fortescue Ltd (ASX: FMG) and BHP Group Ltd (ASX: BHP) are known for paying generous passive income, especially when commodity prices are high.
ASX lithium share Pilbara Minerals Ltd (ASX: PLS) is a newbie among dividend-paying mining shares, having paid its maiden dividend in FY23.
So, how do things look for FY24?
Will this trio of ASX 200 mining shares pay big dividends again?
And will they pay more in FY24 than they did last year?
Let's see what the experts predict.
BHP dividend will be lower in FY24
In FY23, BHP shares paid $2.6143 in annual dividends, fully franked.
The ASX 200's biggest mining share is swapping hands for $47.96 today, up 0.2% so far. Based on this share price, BHP has a trailing dividend yield of 5.45%.
What about the year ahead?
The consensus forecast published on CommSec is for BHP shares to pay an annual dividend of $2.24 in FY24. Based on the current BHP share price, this equates to a yield of 4.67%.
Fortescue dividend a tad higher in FY24
Fortescue shares delivered an annual dividend of $1.75 plus full franking credits in FY23.
Today, Fortescue shares are changing hands for $27.26, down 1.11% for the day. On that basis, Fortescue shares have a trailing dividend yield of 6.42%.
The consensus forecast is for the ASX 200 iron ore pure-play stock to pay $1.77 per share in dividends in FY24. Based on the current Fortescue share price, this equates to a yield of 6.49%.
Pilbara Minerals dividend will halve in FY24
Pilbara Minerals shares paid a maiden dividend of 11 cents in March 2023 and a final dividend of 14 cents in September. That's a total annual dividend of 25 cents fully franked in FY23.
Pilbara Minerals shares are trading for $3.75 on Thursday, up 1.49% for the day. That means Pilbara Minerals shares have a trailing dividend yield of 2.93%.
The consensus forecast is for Pilbara Minerals to pay 5 cents per share in dividends in FY24. Based on the current Pilbara Minerals share price, this equates to a yield of 1.33%.
