The BHP Billiton (ASX:BHP) share price has gained 33 per cent over the past 12 months, making it one of the top performing ASX 200 shares in that period.
In August, the mining giant reported a huge jump in full year profits, lifting its full year dividend by 42 per cent. In response to the cracking set of results, BHP shares fell with the stock market wondering if FY18 was as good as it gets for the company.
BHP Chief Executive Officer, Andrew Mackenzie said the record final dividend for shareholders reflected strong operating performance, solid prices and capital discipline.
Writing in its August 2018 monthly update, the top performing Yarra Australian Equities Fund said it has a cautious medium to longer term view towards BHP’s commodity exposures, particularly iron ore and coal.