BHP's full year profit has risen 26 per cent to $US21.3 billion. -AAP Image
BHP will pay a record dividend after posting a jump in full year profit on the back of strong iron ore sales and a run-up in copper prices.
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The resources giant said underlying profit from continuing operations for the year to June 2022 rose 26 per cent to $US21.3 billion ($A30.3 billion), better than analyst estimates.
Underlying earnings for the year were up 16 per cent to $US40.6 billion ($A57.8 billion).
That enabled the global miner to declare a fully franked final dividend of $US1.75 ($A2.49) a share, taking total dividend for the full year to a record $US3.25 per share.
Chief Executive Mike Henry attributed the results to "strong operational performance and disciplined cost control" which allowed the miner to capture the value of strong commodity prices.
"BHP enters the 2023 financial year in great shape strategically, operationally and financially, and well prepared to manage an uncertain near-term environment," he said in a statement on Tuesday.
BHP had earlier paid an in-specie dividend of $US3.83 for each BHP share held following the merger of its petroleum division with energy giant Woodside, taking the total payout to shareholders for the year to about $US36 billion.
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