BHP Group Limited has declared its interim dividend for the half-year ended 31 December 2023, offering valuable insights for its South African shareholders.
BHP Group Limited has announced an interim dividend of 72 US cents per share for the specified period. The dividend, aimed at rewarding shareholders for their investment, will be paid out on Thursday, 28 March 2024.
For shareholders on the BHP Group Limited South African branch register, the dividend will be converted to South African cents based on the average exchange rate from 23 February 2024 to 26 February 2024. This conversion results in a dividend of 1,388.45880 South African cents per ordinary share.
South African shareholders should be aware that the dividend is categorized as a foreign dividend for both South African income tax and Dividend Tax purposes. As per regulations, Dividend Tax will be withheld from the gross dividend at a rate of 20%. After the deduction of tax, the net dividend for South African shareholders will be 1,110.76704 South African cents per ordinary share.
Shareholders holding dematerialized shares in Computershare Nominees are advised to direct all queries related to the interim dividend, including those regarding Dividend Tax, to Computershare Investor Services in South Africa. On the other hand, shareholders with dematerialized shares through STRATE should reach out to their Central Securities Depository Participant (CSDP) or stockbroker for assistance.
For clarity, here’s a summary of the dividend information pertinent to South African shareholders:
Item | Details |
---|---|
Interim Dividend per Share | 72 US cents |
Dividend Payment Date | 28 March 2024 |
Dividend in South African Cents | 1,388.45880 |
Withholding Tax Rate | 20% |
Net Dividend after Tax per Share | 1,110.76704 South African cents |
BHP Group Limited’s declaration of the 2024 Interim Dividend underscores its commitment to delivering value to its shareholders, including those in South Africa. With clear information provided regarding currency exchange rates, taxation, and avenues for shareholder queries, the company aims to ensure transparency and ease of process for its investors in South Africa.
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