AGL Energy Limited (ASX: AGL) and Origin Energy Ltd (ASX: ORG) will both pay a final dividend this month, but which one is higher?
The AGL share price is down 1.36% today, while Origin Energy shares are falling 0.51%. For perspective, the S&P/ASX 200 Index (ASX: XJO) is rising by 0.44%.
However, let's focus on the dividend these energy giants will be paying to shareholders later this month.
How do the AGL and Origin Energy dividends compare?
AGL's final dividend for FY22 is, in fact, less than Origin Energy's final dividend per share.
AGL is paying a final unfranked dividend of 10 cents per share in 2022, 70.6% less than the 34 cents paid in the prior corresponding period.
This follows AGL's underlying profit after tax dropping 58% to $225 million in FY22.
AGL said the final dividend in FY22 was consistent with the company's policy to target a payout ratio of 75% of underlying profit after tax.
AGL paid an interim dividend of 16 cents per share in FY22, unfranked. AGL's total dividend of 26 cents per share in FY22 is 65% less than the 75 cents per share paid out in FY21.
Origin Energy is paying a 16.5 cents per share final dividend, 75% franked. This is 120% more than the 7.5 cents per share Origin paid in the prior corresponding period.
Origin paid a 12.5 cents per share interim dividend in FY22, taking its total dividend payout for the financial year to 29 cents.
Origin reported an underlying profit of $407 million in FY22, 30% more than FY21. Total revenue jumped 20% to $14.46 billion.
AGL will pay its final dividend to eligible shareholders on 27 September, while Origin investors will receive the dividend on 30 September.
Share price snapshot
AGL shares have risen 12% in the past year, while Origin Energy shares have gained nearly 34%
For perspective, the ASX 200 has shed nearly 7% in the past year.
AGL has a market capitalisation of $4.6 billion, while Origin Energy's market cap is $9.9 billion
