I am wondering if the BPT board are considering increasing the dividend from 1c to 2c this past and/or coming half.
It would make a good headline 'Beach energy doubles dividend'
With 2.3billion shares on issue, an extra cent dividend per share equals only approximately $23million vash outflow per half.
BPT has net cash of $73 million, liquidity of $650m, stable gas cashflows, strong oil prices and a growth profile that is making progress and now cash (eg Offshore Vic).
They will have to increase the dividend at some point given it is at such a low base, it is just a matter of when.
I am wondering if the BPT board are considering increasing the...
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Last
$1.15 |
Change
0.010(0.88%) |
Mkt cap ! $2.623B | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.15 | $1.13 | $7.200M | 6.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 155576 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 100000 | 1 |
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| Last trade - 16.10pm 19/09/2024 (20 minute delay) ? |
| BPT (ASX) Chart |