BHP Billiton has a progressive dividend policy. The aim of this policy is to steadily increase, or at least maintain our base dividend in US dollars terms at each half yearly payment.
Our interim and final dividend determination dates coincide with the announcements of our interim and full year results.
2014 Final Dividend
BHP Billiton has determined to pay a final dividend of 62 US cents per share. As a result, our total dividend for the 2014 financial year increases by four per cent to 121 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 29 August 2014. Please note that all currency conversion elections must be registered by the Record Date, being 5 September 2014. Any currency conversion elections made after this date will not apply to this dividend.
|Last day to trade cum dividend on JSE Limited (JSE) and currency conversion into rand
||29 August 2014|
|Ex-dividend Date JSE
||1 September 2014|
Ex-dividend Date Australian Securities Exchange (ASX), London Stock Exchange (LSE) and New York Stock Exchange (NYSE)
|3 September 2014|
Record Date (including currency conversion and currency election dates, except for rand)
|5 September 2014|
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 1 September and 5 September 2014 (inclusive), nor will transfers between the UK register and the South African register be permitted between the dates of 29 August and 5 September 2014 (inclusive).
The following table details the currency exchange rates applicable for the 2014 final dividend:
|New Zealand cents
|South African cents
The dividend will be paid on 23 September 2014.
Summary of previous dividends