BHP shares rising strongly amid a big day for shareholders

Here's what is happening on Thursday.

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Key points

  • BHP Group shares are up 3% amid a big day for shareholders on Thursday. 
  • The miner unveiled its largest renewable electricity supply deal for Copper SA yesterday, a significant step in its decarbonisation efforts, powering key operations like the Olympic Dam.
  • Despite a 26% profit drop in FY25 due to lower iron ore prices, causing a reduced dividend, BHP shares are up 6% over the past six months.

BHP Group Ltd (ASX: BHP) shares opened strongly on Thursday and are currently up 3% to $41.47 apiece.

Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is in the red following a weak session on Wall Street overnight.

It's a big day for BHP shares investors today — here's why.

ASX 200 in the red but BHP shares lifting

The ASX 200 mining share is paying its next dividend today.

Investors will receive a final dividend of 91.927255 cents per share following conversion of the 60 US-cent per share dividend.

As usual, BHP's dividend comes with 100% franking.

Shareholders who have elected to participate in the dividend reinvestment plan (DRP) do not know their DRP share price as yet.

BHP does things a little differently to other mining companies when it comes to DRPs.

It commences a period of purchasing BHP shares for its DRP investors after the dividend payment date.

It may take a few days to buy enough shares to fulfil the DRP, so BHP will announce the final DRP share price in due course.

The miner's DRP policy is as follows:

Shares will be purchased on-market on or as soon as practicable after the dividend payment date.

It may be necessary to carry out several market transactions to acquire the number of shares required and the DRP price will be the average of the actual deal prices of those transactions.

What's news with BHP?

There is no official news out of the ASX 200 mining giant today.

However, BHP announced its third and largest renewable electricity supply arrangement for Copper SA yesterday.

The miner said this was another step forward in its operational decarbonisation.

Under the baseload electricity arrangement, 100 megawatts of renewable electricity will be supplied to power the Copper SA province.

This includes the Olympic Dam mine, smelter, and refinery, as well as the Carrapateena and Prominent Hill operations.

As we've previously reported, BHP is now the world's largest copper producer.

(Check out the miner's FY26 outlook on copper here.)

BHP reported a 26% fall in profit in FY25, mainly due to lower iron ore prices.

This led to the miner cutting its full-year dividend to US$1.10 per BHP share, which is 25% lower than the US$1.46 per share paid in FY24.

BHP will host its annual general meeting on 23 October.

BHP share price snapshot

BHP shares have risen 6% over the past six months and fallen 3% over the past 12 months.

Motley Fool contributor Bronwyn Allen has positions in BHP Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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