So if Macquarie is predicting a full year FY24 div of 57.5cps, then that means that Sept24 div would be 30cps (as first half div in March was 27.5cps ff) , which compares well with Sept23 div of 20cps.
And we know from CEO statements that there are plenty of franking credits, so it will be FF.
A final div of 30c FF would be nice of course, and being 50% greater than pcp would look good and show faith with the shareholders who kept the company whole and Australian.
I do wonder whether (if profits would allow it, and if it doesn't compromise ORG investments in renewables etc) the Board might pay a little higher (perhaps including a small special div) - with the unstated purpose being to support a higher sp (ie above $11 or so), rewarding shareholder faith, demonstrating (for credibility reasons) that the Board and CEO DO want to manage the company for the LONG-TERM benefit of shareholders, and push ORG further out of possible takeover range.
...only a couple of months before I find out!
GLT(long-term)H
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Ann: Origin Energy 2024 Investor Briefing, page-6
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$10.19 |
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$10.00 | $10.20 | $9.96 | $28.99M | 2.860M |
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1 | 10 | 10.250 |
1 | 14997 | 10.230 |
5 | 3167 | 10.200 |
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Price($) | Vol. | No. |
---|---|---|
8.160 | 15 | 1 |
9.710 | 831 | 6 |
9.850 | 3 | 1 |
9.880 | 297 | 2 |
9.890 | 2448 | 3 |
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