Looking to bank the record Ampol dividend? Time is running out!

Looking to bank the all-time high Ampol Ltd (ASX: ALD) dividend?

If you don’t own shares in the S&P/ASX 200 Index (ASX: XJO) energy stock already, then you’d better hurry!

Investors wanting to land that record dividend will need to own Ampol shares at market close this Thursday, 29 February. Ampol shares trade ex-dividend on Friday, 1 March.

If you own shares when the closing bell rings on Thursday, you can expect to see that passive income hit your bank account on 27 March.

Here’s what else you need to know.

Ampol dividend hits new all-time highs

Ampol reported its full-year results on Monday.

The highlight for passive income investors was the fully franked final dividend of $1.20 per share, which came coupled with a special dividend of 60 cents per share, also fully franked.

That works out to a fully franked final dividend of $1.80 per share. That’s up 16% from the final dividend of $1.55 per share paid out last year. And it represents the highest dividend ever paid by the ASX 200 energy stock.

At the current Ampol share price of $38.93, this equates to a fully franked pending yield of 4.6% from the final dividend alone.

Ampol also paid an interim dividend of 95 cents per share on 27 September. That sees the ASX 200 energy stock trading on a yield (partly trailing, partly pending) of 7.1%, with potential tax benefits from those franking credits.

In 2023 Ampol will have returned 89%, or $655 million, of its net profit after tax (NPAT) to shareholders.

Ampol CEO Matt Halliday said the company’s strong balance sheet enabled it to deliver “our highest ever dividends to shareholders”.

Ampol share price leaps to new record

Atop the record Ampol dividend declared on Monday, the Ampol share price hit a fresh all-time high today.

Ampol shares traded as high as $39.10 in earlier trade.

The current $38.93 per share (if maintained) will still mark a new record closing high.

The post Looking to bank the record Ampol dividend? Time is running out! appeared first on The Motley Fool Australia.

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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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