So my take on this, the numerous posts about AGL being a great dividend payer are focusing on the current dividend and then extrapolating that dividend into the future.
Use the above reports I would estimate that dividends will be cut to around 60c (with downside risk of say 50c) by 2023.
So any decision to buy AGL at current prices should and as a dividend play should be made off this number. And also remember that this dividend is unfranked, if AGL starts franking again, it will reduce the dividend (but will give a franking component).
Given the uncertainty with the future business model of AGL I am still sitting on the sidelines.
Especially as even though they have announced a dividend, the share price is falling before the ex-dividend date. If it is falling ex-dividend date, one would assume it would fall even more after the dividend ex-date.
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Last
$11.45 |
Change
-0.030(0.26%) |
Mkt cap ! $7.702B |
Open | High | Low | Value | Volume |
$11.59 | $11.69 | $11.41 | $36.88M | 3.204M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 11440 | $11.41 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.45 | 5066 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 11440 | 11.410 |
11 | 28317 | 11.400 |
3 | 14031 | 11.390 |
4 | 37199 | 11.380 |
3 | 18645 | 11.370 |
Price($) | Vol. | No. |
---|---|---|
11.450 | 5066 | 2 |
11.470 | 1944 | 2 |
11.480 | 12593 | 1 |
11.490 | 12593 | 1 |
11.500 | 12593 | 1 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
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