BHP Billiton has a progressive dividend policy. The aim of this policy is to steadily increase, or at least maintain the dividend in US dollars at each half-yearly payment.
Our dividend declaration dates coincide with the announcements of our interim and full year results.
2013 Final Dividend
BHP Billiton has declared a final dividend of 59 US cents per share. The total dividend for the 2013 financial year increased by four per cent to 116 US cents per share.
The dividend to be paid by BHP Billiton Limited will be fully franked for Australian taxation purposes. Dividends for the BHP Billiton Group are determined in US dollars. However, BHP Billiton Limited dividends are mainly paid in Australian dollars, and BHP Billiton Plc dividends are mainly paid in pounds sterling and South African Rand to shareholders on the UK section and the South African section of the register, respectively. Currency conversions will be based on the foreign currency exchange rates on the Record Date, except for the conversion into South African Rand, which will take place on the last day to trade (cum dividend) on JSE Limited, being 30 August 2013. Please note that all currency conversion elections must be registered by the Record Date, being 6 September 2013. Any currency conversion elections made after this date will not apply to this dividend.
The timetable in respect of this dividend will be:
|Last day to trade cum dividend on JSE Limited (JSE) and currency conversion into Rand
||30 August 2013|
|Ex-dividend Australian Securities Exchange (ASX) and JSE
||2 September 2013|
|Ex-dividend London Stock Exchange (LSE) and New York Stock Exchange (NYSE)
||4 September 2013|
|Record Date (including currency conversion and currency election dates, except for Rand)
||6 September 2013|
||25 September 2013|
American Depositary Shares (ADSs) each represent two fully paid ordinary shares and receive dividends accordingly.
BHP Billiton Plc shareholders registered on the South African section of the register will not be able to dematerialise or rematerialise their shareholdings between the dates of 2 and 6 September 2013 (inclusive), nor will transfers between the UK register and the South African register be permitted between the dates of 30 August and 6 September 2013 (inclusive).
Details of the currency exchange rates applicable for the dividend will be announced to the relevant stock exchanges following conversion.
2013 Interim Dividend
The following table details the currency exchange rates applicable for the 2013 interim dividend:
|New Zealand cents
|South African cents1
Record date: 8 March 2013
Payment date: 28 March 2013
1 On 1 March 2013 we announced to the London Stock Exchange and the JSE Limited the currency rates applicable to the dividend payable in South African cents.
Summary of previous dividends