BHP said annual profit fell to the lowest in five years as sluggish demand from China weighed on iron ore prices and flagged a cut in capital and exploration spending but declared a bigger-than-expected final dividend,

BHP paid its lowest dividend in eight years, although the final dividend of 60 cents a share, down from 74 cents a year earlier, was higher than had been anticipated by analysts. It reflected lower debt and the disposal of non-core assets in Brazil, according to the company.

STORY: BHP said Tuesday (August 19) its annual profit fell to its lowest in five years. That’s as sluggish China demand weighed on iron ore prices.But it declared a bigger-than-expended final dividend,