Santos Ltd (ASX: STO) shares are slipping into the red on Thursday giving back some modest early morning gains.
Shares in the S&P/ASX 200 Index (ASX: XJO) oil and gas stock are currently trading for $7.185 apiece, down 0.21%.
Twelve months ago, Santos shares closed the day trading for $7.97 apiece.
As you can see on the chart below, that puts the one-year loss at 9.8%.
Why have Santos shares dropped over the year?
A big retrace in the oil price, and gas prices, has been one of the factors pressuring Santos shares over the year.
Twelve months ago, Brent crude oil was trading for US$103 a barrel. After topping out above US$123 a barrel in early September, Brent is currently fetching US$77 a barrel. Thatâs down more than 25% in a year.
ASX 200 energy investors may also be a bit jittery about Santos’ growth plans.
Specifically, the outlook for the companyâs $5.8 billion Barossa gas project, located in the Timor Sea.
Santos appears determined to press ahead. But tighter government environmental restrictions on new gas projects could hit Barossa hard, as itâs reported to have an exceptionally high carbon dioxide content.
Have the dividends been worth it?
Which brings us back to Santos shares and dividends.
Investors whoâve held the stock for a full year will have seen the companyâs share price fall by 9.8%. However, theyâll also have received both of the past 12 months unfranked dividends.
Santos board declared an interim dividend of 10.9 cents per share. That will have landed in shareholders’ bank accounts on 22 September.
Santos shares delivered a final dividend of 22.4 cents per share. That was paid out on 29 March.
All told the ASX 200 energy stock paid out a total of 33.3 cents per share in dividends over the year, which weâll round off to 33 cents.
If we add that to the current share price rounded up to $7.19, we arrive at an accumulated value of $7.52 per share. And remember, the stock was trading for $7.97 a year ago.
So, while the companyâs dividend payments have lowered the losses for shareholders, even with those payouts Santos shares’ accumulated value is down 5.6% over the year.
The post Santos shares are down 10% in a year. Have the dividends been worth it? appeared first on The Motley Fool Australia.
Should you invest $1,000 in Santos Limited right now?
Before you consider Santos Limited, you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Santos Limited wasn’t one of them.
The online investing service heâs run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
See The 5 Stocks
*Returns as of April 3 2023
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- 5 things to watch on the ASX 200 on Thursday
- ASX 200 energy shares expected to jump after oil prices surge
- 5 things to watch on the ASX 200 on Monday
- Should you buy the dip in the Santos share price?
- 5 things to watch on the ASX 200 on Thursday
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.
from The Motley Fool Australia https://ift.tt/s1BVWxH
Stock Pick 