Not sure how you calculated those figures. Though I agree with the expectation for the share price to break through $11.
Upper end of guidance is currently $810m, which based on the 50% payout ratio, is 60 cents for the full year. We have to subtract the 26 cents from the half year dividend, which leaves us with 34 cents for the final dividend.
The only way we'd see that level of divvy (45-60 cents) is that they shoot through the $810m (which is possible since we know AGL re-bid higher during May/June) though that may be offset by the $75m spend on tech transformation (Kaluza).
They may also approve a slightly higher payout ratio for us long suffering shareholders .
AGL Price at posting:
$10.29 Sentiment: Buy Disclosure: Held
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