I think mid 5s to early 6s would provide a yield (based off recent dividend) that would justify risk (3.2% pa) ...
They have said that their hedging process will take a few months yet to roll off so we can see cash return reflects the current market spot price... so I don't think it is unreasonable to expect dividend to increase above 0.10 per share twice yearly...
I am also very much on the record saying that they need to provide a solid plan for investment in transition assets and that will require capital - which I am more than happy to see a dividend maintained with surplus going into investment - rather than a high utilization of debt - or capital light investment - PowAR Co & EIP owner / build (and exposure to PPA impairment / write back yo-yo's)
AGL Price at posting:
$7.30 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)