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clock Created with Sketch. 29/03/22
16:55
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Originally posted by baldynumbers:
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June 2021underwrite the Dividend Reinvestment Plan on ordinary dividends until demerger "augmenting AGL’s dividend policy payout ratio of 75 percent to take the effective payout ratio to 100 percent of Underlying Profit after tax over this period", it is anticipated Accel Energy will communicate expected dividends as a proportion of available free cash flow on a periodic basis . It is noted that the level of free cash flow available for dividends is likely to remain leveraged to movements in wholesale electricity prices."it is anticipated AGL Australia will target a dividend payout ratio range referable to underlying earnings after tax . Further detail of this dividend policy range will be communicated in the demerger scheme documents.
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It is actually a 'good and honest' way to do things as i felt in the past management where a bit clueless now i feel like we have a 'clearer' guide and i am happy to hold.
(20min delay)