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.
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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.
