BHP (ASX:BHP) announces full year results.

BHP GROUP announced financial results for the full-year ended June 30, 2022.

The Board has determined to pay a final dividend of US$1.75 per share or US$8.9 billion, which includes an additional amount of US$0.60 per share (equivalent to US$.0 billion) above the 50% minimum payout policy. Total cash dividends announced of US$3.25 per share, equivalent to a 77% payout ratio.

The merger of BHP's Petroleum business with Woodside Energy was completed on 1 June 2022 and BHP paid a fully franked in specie dividend of US$3.86 per share or US$19.6 billion.

The divestment of BHP's 80% interest in BMC was completed on 3 May 2022.

The unification of BHP's dual listed corporate structure was completed in January 2022.

Underlying return on capital employed strengthened to 48.7%.

Following the announcement the company?s share price fell1.688%.