Woolworths Group Ltd (ASX: WOW) shareholders should check their bank accounts today.
The conglomerate is paying out its final dividend to eligible shareholders.
In case you werenât aware, Woolworths is rewarding its shareholders with a fully franked dividend of 53 cents per share.
At the time of writing, the Woolworths share price is 0.58% lower to $34.50.
For context, the S&P/ASX 200 Index (ASX: XJO) is edging higher with a 0.27% gain to 6,486.7 points.
Letâs take a look below at all the details regarding the Woolworths dividend.
Woolworthsâ latest dividend leaves the vault
The company reported growth across key metrics in its full-year results for the 2022 financial year.
In summary, group sales rose 9.2% over the prior corresponding period to $60,849 million. This was driven by the strong performance of its Australian food business. Total sales in this segment grew 4.5% to $45,461 million year on year.
Evidently, this helped offset the challenges the company encountered in 2022. These included COVID-19 supply chain disruptions, product shortages, team absenteeism, and flooding events along Australiaâs east coast.
On the bottom line, net profit after tax (NPAT) lifted by 0.7% to $1,514 million.
However, the Woolworths board elected to slightly decrease its final dividend by 3.6% from the 55 cents per share in FY 2021.
Based on todayâs price, Woolworths has a current dividend yield of 2.67%.
Woolworths share price snapshot
Over the past 12 months, the Woolworths share price has fallen by 11%.
After hitting a bottom of $33.61 per share last Friday, the company’s shares are trading near 52-week lows.
Woolworths has a price-to-earnings (P/E) ratio of 27.40 and commands a market capitalisation of roughly $42.12 billion.
The post Own Woolworths shares? Here’s some good news about your dividends appeared first on The Motley Fool Australia.
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More reading
- 5 things to watch on the ASX 200 on Tuesday
- Why is the Woolworths share price having such a stellar run on Monday?
- Could the current Woolworths dividend be in jeopardy?
- How many Woolworths shares does the CEO hold after his $8.4 million sell-down?
- Are these ASX blue-chip shares losing their defensive benefits?
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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