BHP announces stock buyback, special dividend

BHP will issue a special dividend for shareholders after selling its US shale assets, the miner said Monday as it completed a US$7.3 billion stock buyback. The world’s biggest miner recently sold its US shale oil and gas operations to British giant BP for US$10.5 billion, and said it would return the funds to shareholders. The special dividend of US$1.02 a share will be paid out in mid-January.


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