ALD 1.74% $30.00 ampol limited

Ampol to pay special dividends and announce buyback

  1. 456 Posts.
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    Came across this bit of information which I am sure LT holders will be pleased to read:
    • Analysts at E&P Capital expect fuel retailer Ampol (ALD) to announce A$1/share special dividend in February and a further A$0.5/share in August
    • Says it is possible that the Aussie firm launches A$500 mln ($334.25 mln) share buyback within a year if refining stays at current levels
    • Brokerage adds Ampol's balance sheet can sustain special dividends as well share buybacks out to 2027
    • Raises NPAT estimates by 7% for calendar year 2023
    • Six of 10 analysts rate the stock "buy" or higher and four "hold"; their median PT is A$37.50
 
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