Didycat isn't there a good chance that the share price will dive more than the dividend, afterall the dividend is fully underwritten, so shares are going to be sold on market to finance the cost of the dividend.
Underwritten period is 30 Aug- 24 Sept.
Given the dividend is 34c and share price is now $7.10 0.34/7.10 = 4.7% of additional AGL shares to be issued (not all will be sold on the market though, those who elect DRP will have no effect, apart from share dilution).
Another way of looking at this:
623m shares on issue x 4.7% = 29.2million shares
Normalised daily trading is around 3-5m shares. So that's a hell of a lot of shares to hit the market.
AGL long road back to $20, page-124
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Last
$10.61 |
Change
-0.040(0.38%) |
Mkt cap ! $7.131B | |||
| Open | High | Low | Value | Volume |
| $10.60 | $10.67 | $10.57 | $6.174M | 581.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 7340 | $10.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.62 | 593 | 15 |
View Market Depth
| Last trade - 15.58pm 05/11/2024 (20 minute delay) ? |
| AGL (ASX) Chart |