STO 0.72% $6.98 santos limited

Something is not right here. From 2021 Full Yr Results "Santos’...

  1. 749 Posts.
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    Something is not right here. From 2021 Full Yr Results "Santos’ sustainable dividend policy which targets a range of 10 per cent to 30 per cent payout of free cash flow". Now we have FCF = US $1,708 mil (51c/share) we are being returned 7.6c (15% of free cash flow). But report is saying "US$605 million in shareholder returns" (35% of FCF) because they are including US $305 mil being share buy back. Share buy back is not dividend, this is incorrect.
 
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$6.98
Change
0.050(0.72%)
Mkt cap ! $22.66B
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$7.04 $7.09 $6.98 $56.29M 8.036M

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No. Vol. Price($)
1 19356 $6.98
 

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Price($) Vol. No.
$7.01 39795 4
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Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
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