Insights

How does the Woodside Petroleum (ASX:WPL) dividend compare to the energy sector?

Here’s some good news for Woodside shareholders.
The post How does the Woodside Petroleum (ASX:WPL) dividend compare to the energy sector? appeared first on The Motley Fool Australia. –

The Woodside Petroleum Limited (ASX: WPL) share price isn’t having a good run lately, but investors will likely still be excited about the company’s dividend.

The oil and gas producer historically pays a dividend in March and September. It generally announces its final dividend in August and its interim dividend in February.

The Woodside share price has fallen 4% over the course of 2021. Shares in the company are currently trading for $22.14 a piece.

But how does the Woodside dividend compare to those of its peers on the S&P/ASX 200 Energy Index (ASX: XEJ)? Let’s take a look.

How the Woodside dividend stacks up

The last 2 dividends the oil and gas producer has handed out were significantly smaller than those prior.

Woodside didn’t have a great 2020 calendar. Unfortunately, its poor performance has been reflected in its dividends. Readers can find Woodside’s 2020 results here.

In fact, its final dividend of 2020 was the smallest the company has ever given its shareholders. It was just 15.29 Australian cents per share.

The previous dividend payout, given to shareholders in March 2020, was 36.24 Australian cents.

Meaning the company handed around 51.5 cents per share from its 2020 calendar year profits back to its shareholders.

That leaves Woodside with a dividend yield of 2.35%.

Additionally, All dividends Woodside has even given out have been fully franked. That means some investors may be using the dividends to reduce the amount of tax they pay.

When compared to the ASX 200 energy sector, the current Woodside dividend yield is pretty good.

Only two companies have recorded better dividend yields.

Those are Worley Ltd and Origin Energy Ltd. They parade respective dividend yields of 4.48% and 5.47%.

However, neither Worley nor Origin offer franked dividends. Meaning, for many investors, the Woodside dividend may be seen as the best in class.

The post How does the Woodside Petroleum (ASX:WPL) dividend compare to the energy sector? appeared first on The Motley Fool Australia.

Should you invest $1,000 in Woodside right now?

Before you consider Woodside, 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 Woodside wasn’t one of them.

The online investing service he’s run for nearly 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 May 24th 2021

More reading

5 things to watch on the ASX 200 on Tuesday

ASX 200 Weekly Wrap: ASX grinds to a halt following new all-time high

5 things to watch on the ASX 200 on Monday

5 things to watch on the ASX 200 on Friday

Woodside (ASX:WPL) share price rises as rumours swirl over BHP deal

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 Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!