By Rhiannon Hoyle

SYDNEY--BHP Group Ltd. (BHP.AU), the world's biggest miner by market value, said it purchased 5% of its stock in a US$5.2 billion buyback funded by the sale of its U.S. shale unit.

BHP said it bought roughly 265.8 million Australian shares at a price of 27.64 Australian dollars each (US$19.83), a 14% discount to their market value.

The miner also said it will pay shareholders a US$1.02-per-share special dividend in January.

-Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

December 16, 2018 17:36 ET (22:36 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
BHP (ASX:BHP)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more BHP Charts.
BHP (ASX:BHP)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more BHP Charts.