BHP shares

ASX mining shares are currently among the world's biggest dividend payers. Does that make them good options for dividends?

A cheaper share price could be better at the low point of the resource cycle. I believe that any share price weakness of BHP or Rio Tinto could also make them more tempting. However, I think it could be useful to consider commodity businesses when the price of that commodity has gone down, which may affect sentiment about that company and the sector. Just look at what happened to the iron ore price towards the end of 2021 and also in 2016. Dividends can suffer from a major decline in profit if the commodity price drops. The S&P/ASX 200 Index (ASX: XJO) mining shares are known to be large dividend payers.