10 cents dividend every 6 months amounts to $230m. If BPT buys back 300 million shares, it will just be an outlay of $200m dividend every 6 months. Won’t be long before BPT net cash goes to over $500m. What to do with the money will be something that BPT board has to decide.
This is the BPT Dividend forecast from Morningstar:
Earnings & Dividends Forecast (cents per share)
Curr 2023 2024 2025
EPS 21.9 17.4 25.1 30.2
DPS 2.0 4.0 7.0 12.0
Beach Energy Limited, page-85
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Last
$1.14 |
Change
0.005(0.44%) |
Mkt cap ! $2.589B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.16 | $1.13 | $8.810M | 7.727M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46969 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 82338 | 3 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| BPT (ASX) Chart |