Ampol Ltd (ASX: ALD) Share Price and News
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Ampol Ltd (ALD) is the only Australian fuel and convenience brand listed on the ASX. The company has been known as Caltex Australia Limited (CTX) for the last 20 years years, prior to which it traded under its original Ampol name. In December 2019, United States oil giant, Chevron Corporation, terminated the Australian company’s license to use the Caltex name, hence the requirement for a rebrand. The company’s change of name from Caltex to Ampol Limited was officially approved by shareholders on 14 May 2020 and updated with its new ticker code on the ASX on 19 May. The rebranding of the company’s outlets using the new Ampol logo will commence in June and be rolled out over three years.
Ampol is Australia’s number one transport fuels company and operates across two key divisions: Fuels & Infrastructure and Convenience Retail. With this, Ampol has the largest finished product import terminals in both Australia and New Zealand, a refinery in Queensland, nearly 100 bulk fuel storage and distribution hubs, 800 company-controlled retail stores and over 300km of fuel pipelines. Ampol is also part of an alliance with Woolworths Group Ltd (ASX: WOW), through which there are currently over 700 Caltex Woolworths co-branded locations across the country.
Ampol’s roots track all the way back to 1900 and the company has been listed on the ASX in its current form since 1980. In the decades since, Ampol shares have grown to become part of the S&P/ASX 200 Index (ASX: XJO) and the company has been subject to various takeover bids along the way.
Ampol Ltd (ASX: ALD) Latest News
James Mickleboro | July 1, 2020 12:01pm
NEXTDC Ltd (ASX:NXT) and Westpac Banking Corp (ASX:WBC) shares are making a splash on the ASX 200 on Wednesday. Here's why... More »
Tristan Harrison | June 29, 2020 2:28pm
The Australian Bureau of Statistics (ABS) has revealed which industries (and ASX shares) could see a bounce after COVID-19. More »
Brendon Lau | June 29, 2020 12:15pm
The JB Hi-Fi Limited (ASX: JBH) is bucking the sharp ASX 200 sell-off. A broker survey finds it to be COVID-19 resistant and it... More »
Sebastian Bowen | May 12, 2020 5:16pm
Here's how to determine how many ASX shares you should have in your portfolio. There's no right answer, but here's a guide! More »
Daryl Mather | May 7, 2020 8:59am
These 5 ASX energy stocks have risen by up to 8% so far this week, as large cap companies trim their sustaining costs and... More »
James Mickleboro | April 20, 2020 12:29pm
Caltex Australia Limited (ASX:CTX) and Sydney Airport Holdings Pty Ltd (ASX:SYD) shares are two of four tumbling lower on Monday. Here's why... More »
James Mickleboro | April 20, 2020 12:04pm
National Australia Bank Ltd (ASX:NAB) and Sydney Airport Holdings Pty Ltd (ASX:SYD) shares are on the move on the ASX 200 on Monday... More »
Kate O'Brien | April 20, 2020 11:44am
The proposed acquisition of Caltex Australia Limited (ASX: CTX) has been called off due to economic uncertainty due to the coronavirus pandemic. More »
Will Ampol pay a dividend in 2020?
Ampol paid a fully franked final dividend of 32 cents per share on 3 April 2020. The company generally pays its interim dividend in mid-September. Despite the challenging trading conditions, Ampol has a strong financial position and has implemented rigorous cost cutting measures to help offset the impacts of COVID-19 on its bottom line. Ampol has not skipped a dividend payment since 2009 which bodes well for shareholders leading up to September.
Does Ampol offer a DRP?
As at June 2020, Ampol does not offer a dividend reinvestment plan (DRP).