BHP shares jump 51.7% year on year as FY 2026 dividends rise to $2.419 a share
AI Market Summary
BHP's FY26 results highlight a structural pivot: copper overtook iron ore as the primary earnings driver, with copper EBITDA up 48% YoY and spot prices materially higher in H2. The narrative reinforces copper demand tied to electrification and data centres alongside supply-deficit risk. While the equity has rallied sharply and is framed as a "hold", the data point is incrementally supportive for near-term copper sentiment.
Impact level
● Low
Affected assets
NCCO724COPPER2USD/USDT+1.31%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
● Neutral
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BHP Group shares have gained 51.7% over the past 12 months, outperforming the ASX 200 by more than 52 percentage points. The miner’s FY 2026 dividend payouts totalled $2.419 per share, up 41.6% year on year, implying a fully franked trailing dividend yield of 4% at current prices. Copper became BHP’s largest earnings driver for the first time, helped by a near-40% rise in copper prices in H2 FY26.
