If youâre wanting to receive the outsized Santos Ltd (ASX: STO) dividend payment, you donât have much time.Â
The S&P/ASX 200 Index (ASX: XJO) energy stock released its full-year results on Wednesday.
The strong results â including a 221% year on year increase in net profit to US$2.1 billion â saw the Santos share price finish the day up 3.1%. It also saw the board declare an unexpectedly juicy, unfranked final dividend.
So, when does Santos trade ex-dividend?
When do Santos shares trade ex-dividend?
Santos trades ex-dividend on Monday, 27 February.
Meaning today is the last day investors have to buy stock in the ASX 200 dividend share to receive the payout.
And what a payout it is.
Santos’ 15.1 US cent per share final dividend is up 78% from the 2021 final dividend payout.
Youâll notice that the figure is quoted in US currency. Aussie investors, however, will receive their payout in Australian dollars, to be calculated at the going exchange rate on 2 March.
At the current exchange rate, the final dividend works out to 22.1 Australian cents per share.
At yesterdayâs closing price that works out to an almost instant yield of 3.2%. Though, keep in mind, the Santos share price is likely to fall on Monday when the stock trades ex-dividend.
If you own the stock before market close today, you can expect to be paid on 29 March.
And Santos’ dividend reinvestment plan (DRP) is active for interested investors.
How has this ASX 200 energy share been performing?
As you can see in the chart below, the Santos share price is down 2% so far in 2023, not including the passive income the stock offers.
The post Looking to get in on the boosted Santos dividend? You better hurry! appeared first on The Motley Fool Australia.
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More reading
- 7 more ideas for buying ASX shares this reporting season: expert
- 5 things to watch on the ASX 200 on Thursday
- Why Origin, Santos, Service Stream, and WiseTech shares are racing higher
- The Santos dividend just rocketed by 78%. Here’s the lowdown
- Santos share price marches higher on surging dividend payout
Motley Fool contributor Bernd Struben 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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