The Woodside Energy Group Ltd (ASX: WDS) share price is in the red on Thursday.
In early trade, the energy giant’s shares are down 3% to $29.56.
What’s going on with the Woodside share price today?
This decline has been driven by the company’s shares going ex-dividend this morning along with fellow mining giants BHP Group Ltd (ASX: BHP) and Rio Tinto Ltd (ASX: RIO).
When a company’s shares go ex-dividend, they will generally decline by the value of that dividend. That’s because the rights to the dividend are now locked in and anyone buying its shares today won’t be entitled to receive the pay out when it is made.
In the case of Woodside, it declared a 91.5 cents per share final dividend with its full year results last month.
Based on where the Woodside share price closed yesterday’s session, this equates to a very decent dividend yield of 3% for just the final dividend.
Eligible shareholders can now look forward to receiving this payment in their nominated bank accounts next month on 4 April.
Insider selling
One shareholder that won’t be receiving as many dividends as they could have is CEO, Meg O’Neill.
That’s because earlier this week, the company revealed that its leader offloaded 14,883 shares for an average of $30.09. This equates to a total consideration of almost $450,000.
To put that into context, those 14,883 shares would have generated $13,617.945 in dividends next month if O’Neill had held onto them.
Nevertheless, Woodside’s CEO is still on course to have a bumper pay day from her remaining shareholding.
With O’Neill in possession of 173,920 ordinary Woodside shares, she can look forward to a $159,136.80 dividend pay day after the Easter break.
The post What is dragging the Woodside share price lower today? appeared first on The Motley Fool Australia.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…
See The 5 Stocks
*Returns as of 1 February 2024
(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(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- 5 things to watch on the ASX 200 on Thursday
- 5 things to watch on the ASX 200 on Wednesday
- How these tailwinds could re-energise ASX 200 energy shares in 2024
- Investing in an ASX share portfolio for lifelong passive income!
- 5 things to watch on the ASX 200 on Monday
Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. 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/QDGNt4d
Leave a Reply