The AGL dividend is being paid today. Here’s the lowdown

The AGL Energy Ltd (ASX: AGL) share price is edging lower amid the company paying out its latest dividend today.

The energy company’s shares are currently down 0.23% to $6.405 apiece.

For context, the S&P/ASX 200 Index (ASX: XJO) is hovering in positive territory after yesterday’s sell-off. The benchmark index is up 0.26% to 6,486 points.

AGL pays out interim dividend

On 19 August, AGL reported a mixed performance in its full-year results for the 2022 financial year.

In summary, revenue jumped 20.8% to $13.22 billion compared to the prior corresponding period.

However, underlying earnings before interest, tax, depreciation and amortisation (EBITDA) fell 27% to $1.21 billion.

This led to net profit after tax (NPAT) declining by 58% to $225 million.

AGL acknowledged the challenging energy industry and market conditions but noted that its underlying profit after tax was within guidance.

Nonetheless, the board declared an unfranked final dividend of 10 cents per share to be paid today. This is a large drop from the 34 cents that was paid out in the previous final dividend (FY 2021).

When calculating against the current share price, AGL is trailing on a dividend yield of 4.07%.

AGL has a dividend reinvestment plan (DRP) in place but opted not to apply it to the latest dividend.

AGL share price summary

While moving in circles during recent times, the AGL share price is up 4% in 2022.

When looking at the last 12 months, its shares have travelled further in the green to post a gain of 8.4%.

AGL has a price-to-earnings (P/E) ratio of 5.23 and commands a market capitalisation of roughly $4.3 billion.

The post The AGL dividend is being paid today. Here’s the lowdown appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Tuesday
• Despite all the recent noise, is it business as usual for AGL shares?
• What’s next for AGL shares following the company’s latest shake-up?
• AGL share price dips following changing of the guard
• AGL share price slides amid shareholder revolt

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 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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