Payment history for AGL dividends
AGL targets a payout ratio of approximately 75% of Underlying Profit after tax where a minimum franking level of 80% can be maintained.
On 13 August 2020, AGL announced a Special Dividend Program (PDF) over FY21 and FY22. Under the Special Dividend Program, AGL anticipates paying special dividends of up to 25 percent of Underlying Profit after tax, thereby augmenting AGL’s dividend policy payout ratio of 75 percent to take the effective payout ratio to 100 percent of Underlying Profit after tax over this period. AGL also announced that it expects to reduce franking on dividends to zero in FY21 and FY22 while it utilises historic tax losses. This temporary reduction in franking will enable AGL to return to generating franking credits from underlying earnings as early as the FY23 interim dividend.
Both ordinary dividends and special dividends will remain subject to Board discretion, trading conditions and the ongoing funding and liquidity requirements of the business. For more information, click here.
AGL ordinarily pays a dividend in March and September. Your dividends can be paid directly into your bank account.
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