Own AGL shares? Your dividend arrives today

AGL shares are giving back today. Here's the tea!

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Key points

  • AGL Energy shares may be many things to many investors
  • But despite the company's recent woes, AGL is still an ASX dividend share
  • So let's take a look at the company's latest dividend payment...

The AGL Energy Limited (ASX: AGL) share price may be many things to many investors, but it is at least still an ASX dividend share.

AGL has been one of the most disappointing performers on the S&P/ASX 200 Index (ASX: XJO) in recent years. It seems like an eternity ago, but it was only back in 2017 that AGL was a $28 share. Today, this energy giant is going for $7.72 at the time of writing.

That represents a 21.4% loss over the past 12 months, a 70.7% slide over the past five years and more than 72% away from that all-time high. In fact, if one had owned AGL shares since January 1999, they would still be underwater by around 3.7% today from a capital standpoint.

Saying all that, the company is up a robust 26% so far in 2022 so it's not all bad news.

AGL to pay out interim dividend today

But AGL was, and is still, an ASX dividend share. And today happens to be payday for AGL shareholders. So let's take a look at the dividends that investors can look forward to seeing in their bank accounts today.

AGL announced today's dividend during its half-year earnings report that was released back in February. These earnings were something of a mixed bag. Although AGL reported revenue growth of 6% for the period, it also came up with a 21% fall in underlying earnings as well as a 41% drop in underlying profits.

AGL did announce an interim dividend though. But it perhaps wasn't quite what investors were hoping for. AGL's previous interim dividend was a 41 cents per share payment, consisting of 31 cents per share in ordinary dividends, and a 10 cents per share special dividend.

The interim dividend that investors will receive today, however, only comes in at 16 cents per share, a 60% reduction from last year. Like most of AGL's recent dividends, it will not come franked.

So AGL investors can look forward to receiving this dividend today, after the company traded ex-dividend on 23 February.

At the current AGL share price, this ASX 200 company has a trailing dividend yield of 6.48%.

Motley Fool contributor Sebastian Bowen 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.

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