Insights

Own APA shares? Here’s what you can expect in dividends in FY22

The company expects to increase its full-year dividends.
The post Own APA shares? Here’s what you can expect in dividends in FY22 appeared first on The Motley Fool Australia. –

There’s a little more certainty for those invested in APA Group (ASX: APA) shares this morning.

The company has provided an insight into its expected final dividend payment for financial year 2022.

The S&P/ASX 200 Index (ASX: XJO) industrials giant has flagged a potential 28-cent final dividend. That marks a decent improvement on the company’s full-year payout for financial year 2022.

At the time of writing, the APA share price is $11.42 — up 2.33% in early trading today.

Let’s take a closer look at the news likely to drive the APA share price on Thursday.

APA shares expected to pay 28-cent final dividend

The APA share price is rising today after the energy infrastructure company provided an estimate for its next dividend.

APA is expecting to pay shareholders a 28-cent dividend in September. The definite value, its tax-deferred status, and any franking credits will be confirmed when the company releases its full-year results for financial year 2022.

As shareholders will likely be aware, the company paid out a 25-cent interim dividend in March.

That means APA is now expecting to pay out 53 cents of dividends for financial year 2022. It marks a 3.9% improvement on financial year 2021’s total dividends, which came to 51 cents.

It’s also in line with guidance provided by the company on the release of its latest half-year results. Those same results also noted the company expects to be a beneficiary of inflation.

Additionally, if the company’s projection comes true and its share price stays as it is today, APA could soon trade with a dividend yield of 4.64%.

APA shares will go ex-dividend on Wednesday. That means investors chasing the company’s final dividend need to have snapped up its stock before then.

The dividend will be paid to shareholders on 14 September.

The post Own APA shares? Here’s what you can expect in dividends in FY22 appeared first on The Motley Fool Australia.

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More reading

ASX utilities shares electrifying the market as suspension begins to unwind
‘Price makers’: 3 ASX 200 shares that can pass on rising costs in an inflationary environment
Is APA evolving into an ASX-listed hydrogen share on this $260m news?
2 ASX 200 infrastructure shares ‘ripe for takeout’: expert
Why is the APA share price lifting on Wednesday?

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 positions in and has recommended APA Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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