The CSL dividend just got updated. How much will you be getting?

CSL Limited (ASX: CSL) shareholders will have something to cheer about today as the company improved the dividend amount to be paid out.

In CSL’s full-year results, the board declared a partially franked final dividend of US$1.18 per share.

While the amount was kept the same as the prior corresponding period, it is the equal-highest dividend announced.

Nonetheless, the CSL share price tanked to a low of $278.89 on the day as investors vented their frustration with the company’s outlook.

Today, however, shares in the biotherapeutics giant have recovered to last trade at $299.61 apiece.

Let’s take a look in more detail at exactly how much CSL will pay out to shareholders.

CSL updates its final dividend

If you decided to buy CSL shares and hold them before they went ex-dividend on 6 September, you’ll be eligible for the upcoming dividend.

Previously, CSL notified the market that the US$1.18 dividend would be roughly equivalent to A$1.68 per share.

However, with the exchange rate fluctuating in favour of the Australian dollar against the greenback, you’ll receive a little more than expected.

In its release this morning, CSL provided an update in regards to the equivalent amount stating shareholders will now receive $1.758 per share.

While it may not seem like a great deal, as it’s around 7 cents higher, this could mean a couple of hundred dollars for investors with a large holding.

CSL is scheduled to distribute the dividend payment to shareholder accounts on 5 October.

CSL share price snapshot

With CSL shares notching up 7.5% since the FY 2022 results, investor momentum appears to be growing.

Currently, the company’s share price is around 13% lower than its previous all-time high of $342.75 (20 February 2020).

CSL has a price-to-earnings (P/E) ratio of 41.67 and a market capitalisation of $144.45 billion.

The post The CSL dividend just got updated. How much will you be getting? appeared first on The Motley Fool Australia.

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More reading

• The CSL share price is still trading just 10% above its COVID-crash low. Is it a buy?
• Fundie reveals the 2 ASX shares he’d buy and hold for 4 years
• Should all ASX investors be buying defensive shares right now?
• Why is the CSL share price on the slide today?
• Want to snare the next CSL dividend? Read this

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL Ltd. 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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