I guess a 10c div will be declared in the HY report. With Q2 and Q3 FCF, probably $300m each, the net debt should be reduced to less than $2b by the end of Sep, the div pay time. The US$200m plus from the proceedings of asset sale will be returned to SH as div. From next year and onward, I would expect a 30c annual div, representing 50% payout ratio, if Brent stay above $65 and STO has a average realised price of $71 - the Q1 results.
Ann: Santos rejects Harbour proposal and terminates discussions, page-105
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Last
$7.46 |
Change
-0.025(0.33%) |
Mkt cap ! $24.22B | |||
| Open | High | Low | Value | Volume |
| $7.48 | $7.54 | $7.45 | $13.71M | 1.832M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 18525 | $7.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.46 | 24967 | 19 |
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| STO (ASX) Chart |