Is this energy giant an ASX dividend paying share?
The post Do Beach Energy shares pay dividends? appeared first on The Motley Fool Australia. –
The $3.78 billion oil and gas explorer and producer has been paying out dividends to its shareholders for many years now. Its dividend yield, however, leaves plenty to be desired.
At the time of writing, the Beach Energy share price is trading at $1.67, 0.3% higher than its previous close.
In comparison, the ASX 200 has had a shocker, slipping 1.29% today.
Let’s take a closer look at the details of the energy company’s dividends.
The lowdown on Beach Energy’s dividends
Beach Energy shares do pay dividends. Though, the company’s dividends are small compared to those of its peers.
Over the last 12 months, Beach Energy has paid out 2 cents of dividends.
It’s worth noting that both dividends were fully franked. That means some shareholders might receive additional value from the payouts come tax time.
Still, at its previous closing price, Beach Energy’s stock was trading with a dividend yield of 1.2%.
For comparison, shares in fellow ASX 200 energy stock, Santos Ltd (ASX: STO) offered a dividend yield of 2.4% at Friday’s close. Meanwhile, those of Woodside Petroleum Limited (ASX: WPL) boasted a 5.9% yield.
Still, Beach Energy’s recent 1 cent payouts are among the highest in the company’s dividend-paying history.
There have been only a handful of times the company has paid out more than 1 cent for any six-month period — the last time being eight years ago. At the time, it handed out a final and special dividend valued at a combined 2 cents for the financial year 2014.
Beach Energy share price snapshot
The Beach Energy share price has been performing well lately.
It has gained 27% since the start of 2022. It’s also 24% higher than it was this time last year.
Should you invest $1,000 in Beach Energy right now?
Before you consider Beach Energy, you’ll want to hear this.
Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Beach Energy wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.
*Returns as of January 13th 2022
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.