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.
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.
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.