It has been a challenging couple of weeks for the Beach Energy Ltd (ASX: BPT) share price.
The energy provider released its full-year results on 15 August, reporting an increase across key financial metrics despite production falling.
The board also opted to maintain its upcoming dividend to shareholders.
However, this wasnât enough to stop the bloodshed with its shares falling 11.08% on the day.
At market close on Friday, the Beach Energy share price finished trading at $1.76, up 0.28%.
Letâs take a look below at what you need to know in regard to the latest dividend.
Whatâs the deal with the Beach Energy final dividend?
The Beach Energy share price has backtracked recently as investors vented their frustration following the companyâs financial scorecard.
The company is set to pay out 1 cent per share to wrap up the 12 months that ended 30 June 2022. That means the company has decided to keep the dividend at the same price since its interim results in 2016.
Beach Energy will pay the final dividend to eligible shareholders on 30 September.
However, to be eligible youâll need to own the companyâs shares before the ex-dividend date which falls on 30 August. This means if you want to secure the dividend, you will need to purchase the companyâs shares before market close next Monday.
It is worth noting that on the ex-dividend day, the share price traditionally falls in proportion to the dividend amount.
The dividend is fully franked which means that investors will receive tax credits for this.
Based on Friday’s closing price, Beach Energy has a dividend yield of 1.2% and a market capitalisation of $4 billion.
The post Hoping to bag the next Beach Energy dividend? Here’s what you need to do appeared first on The Motley Fool Australia.
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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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