HT1 from memory WPL stated they would have a dividend payout ratio of 80% until they advise otherwise. What concerns me is their cost to produce. I think it was stated in the last Ann report of $45US. Therefore it would be now around $40US with the decline in the A$. All LNG contracts are confidential so that side of the operation is hard to determine. All you can go on is their total profit. Companies of WPL size tend to think long term as do their LNG customers hence the contract durations. So even though the present situation is of concern, their view would be the long term average price for product.
Cutting costs and dividend, page-5
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Last
$24.28 |
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-0.010(0.04%) |
Mkt cap ! $46.10B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 2200 | $24.27 |
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