Income investors rejoice! The latest Woodside Energy Group Ltd (ASX: WDS) dividend has been declared, and it's a big one!
This follows the release of the energy giant's full-year results for FY 2022 this morning.
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What happened during FY 2022?
In case you missed it, this morning Woodside posted a 142% increase in operating revenue to US$16,817 million. This was driven by a combination of higher realised prices, additional volume from the BHP Group Ltd (ASX: BHP) petroleum merger, and a strong operational performance.
On the bottom line, things were even better, with Woodside's profits more than tripling. It reported a 223% increase in underlying net profit after tax to a record of US$5,230 million.
And while its dividends per share didn't quite grow as quickly due to its increased share count from the BHP merger, it was still a significant jump year over year. Especially in comparison to what we've seen from fellow ASX 200 shares during earnings season.
The Woodside dividend
The Woodside board elected to increase its fully franked final dividend by 37% to a record of US$1.44 per share.
Including its interim dividend of US$1.09 per share, this brought the full-year Woodside dividend to a record US$2.53 per share. This was an increase of 87% year over year and represents a total distribution of US$4,804 million.
In Australian dollars, Woodside's final dividend equates to $2.14 per share, whereas its full-year dividend equates to $3.75 per share. The latter represents a massive 10.8% yield based on the current Woodside share price.
The good news is that it isn't too late to snap up this final dividend. Woodside shares will trade ex-dividend on 8 March. After which, eligible shareholders can look forward to receiving this dividend the following month on 5 April.
