Why did the BHP share price rise today?

Investors responded to H1 results showing a 25% lift in Underlying EBITDA to US$15.5bn, a US$0.73 interim dividend at a 60% payout, and copper now 51% of EBITDA. Guidance for FY26 copper increased to 1.9–2.0 Mt, while record WAIO output and a silver stream to unlock over US$6bn boosted sentiment.

What is the latest BHP dividend and what does it signal?

BHP announced a US$0.73 interim dividend with a 60% payout ratio. It signals confidence in cash generation from iron ore and a growing copper base. Combined with volume discipline, it supports a balanced total-return profile, which can help the BHP share price attract both income-focused and growth investors on the ASX.

How do copper and iron ore influence the BHP share price?

Copper now contributes 51% of EBITDA, offering growth leverage if the market stays tight. Iron ore’s steady cash flow underpins dividends and investment. This mix helps smooth earnings cycles. If copper prices firm and WAIO remains strong, the setup supports BHP earnings quality and can keep the BHP share price well bid.

Is BHP expensive after the rally on the ASX?

At about A$52–A$54, BHP trades near 20x earnings and roughly 8x EV/EBITDA with a ~3.4% trailing yield. Price remains above the 50-day and 200-day averages, implying a healthy trend. Valuation looks reasonable for a higher copper mix, but execution on guidance and commodity prices will be key to further upside.

Global Market Insights

BHP.AX Stock Today: February 18 – H1 Beat, 73c Dividend, Copper Guide Up

ByDanny Kontos February 18, 2026February 18, 2026

The BHP share price is in focus on 18 February after H1 results showed a 25% rise in Underlying EBITDA to US$15.5bn, a US$0.73 interim dividend, and stronger copper guidance. We see BHP.AX trading near A$52.74, up about 3.1% intraday, with volume above average. Record WAIO output, a new silver streaming deal, and copper now 51% of EBITDA sharpen the case for the BHP share price as income and growth buyers reassess the stock on the ASX.