During the recent earnings season, Woodside Energy Group Ltd (ASX: WDS) announced a final dividend for FY23 of 60 US cents (payable 4 April, by the way).
After the conversion to local currency, that's 91.68 cents per share.
The FY23 final dividend is 58% lower than the FY22 final dividend. The full-year dividend was a fully franked 140 US cents. That was down 45% year-over-year.
Woodside's dividends have been falling due to lower profits following a decline in oil prices and an increase in production costs. The FY23 profit was 74% lower than FY22.
Will this trend continue?
Let's see what the market analysts have to say.
Image source: Getty Images
Woodside dividend in 2024
Currently, the consensus forecast among analysts on CommSec is for Woodside shares to pay a total annual dividend of A$1.72 this year.
With 91.68 AU cents about to be paid, that means they expect an interim dividend of about 80.32 AU cents per share in September.
Based on the Woodside share price of $30.27 at the time of writing, $1.72 equates to a yield of 5.68%.
That's well above the average dividend yield for S&P/ASX 200 Index (ASX: XJO) shares of 4%.
What about future Woodside dividends?
Next year, the consensus forecast is for the energy giant to pay a total annual dividend of $1.52.
That takes the dividend yield lower to 5.02%.
In 2026, the experts expect a dividend of $1.33, which equals a yield of 4.39%.
