At these oil & gas prices, STO(incl. OSH) will have to consider dividends/payouts to shareholders for the final dividend of 2021. There is just too much cash accumulating on the BS that cannot be used in the short term.
There will be choices for the Board to consider in February and this is how I see them:
1-payout at the top of the range of the current dividend policy (10-30% of FCF post CAPEX)
2- keep payout at 20% and pay a bonus dividend of say US 5c/Share.
3- keep payout at 20% and launch a medium-term share buy-back (up to 10% of capital - 300m shares)
…if I was in a position to vote, I’d go for option 3 (seems like a STO thing to do anyways).
What do you think the options may be? If you think the above are those, what option would you prefer?
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Last
$7.89 |
Change
-0.030(0.38%) |
Mkt cap ! $25.62B | |||
| Open | High | Low | Value | Volume |
| $7.87 | $7.94 | $7.86 | $44.13M | 5.590M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 25085 | $7.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.89 | 39733 | 1 |
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| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| STO (ASX) Chart |