Income investors rejoice! The latest Woodside Energy Group Ltd (ASX: WDS) dividend has been declared, and itâs a big one!
This follows the release of the energy giantâs full-year results for FY 2022 this morning.
What happened during FY 2022?
In case you missed it, this morning Woodside posted a 142% increase in operating revenue to US$16,817 million. This was driven by a combination of higher realised prices, additional volume from the BHP Group Ltd (ASX: BHP) petroleum merger, and a strong operational performance.
On the bottom line, things were even better, with Woodsideâs profits more than tripling. It reported a 223% increase in underlying net profit after tax to a record of US$5,230 million.
And while its dividends per share didnât quite grow as quickly due to its increased share count from the BHP merger, it was still a significant jump year over year. Especially in comparison to what weâve seen from fellow ASX 200 shares during earnings season.
The Woodside dividend
The Woodside board elected to increase its fully franked final dividend by 37% to a record of US$1.44 per share.
Including its interim dividend of US$1.09 per share, this brought the full-year Woodside dividend to a record US$2.53 per share. This was an increase of 87% year over year and represents a total distribution of US$4,804 million.
In Australian dollars, Woodsideâs final dividend equates to $2.14 per share, whereas its full-year dividend equates to $3.75 per share. The latter represents a massive 10.8% yield based on the current Woodside share price.
The good news is that it isnât too late to snap up this final dividend. Woodside shares will trade ex-dividend on 8 March. After which, eligible shareholders can look forward to receiving this dividend the following month on 5 April.
The post The Woodside dividend has just been boosted by 87%. Here’s what you need to know appeared first on The Motley Fool Australia.
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More reading
- Woodside share price higher on record US$5.23b profit
- Earnings preview: Here are the ASX shares reporting on Monday
- 5 things to watch on the ASX 200 on Monday
- 3 steps to bring in $1,000 per month in passive income
- These ASX dividend shares offer huge yields: experts
Motley Fool contributor James Mickleboro 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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