AGL expects to return to 100% franking credits with FY11 final dividend
AGL Energy Limited (AGL) expects to return to fully franking future dividends commencing with the FY11 final dividend.
In August 2010, AGL advised the market that the FY10 final dividend and the FY11 interim dividend would be unfranked as a result of a cash refund expected to be received from the Australian Tax Office (ATO). That refund has now been substantially received.
AGL will report its FY11 full year results on 25 August 2011. The final dividend is expected to be paid on 29 September 2011.
AGL is one of Australia's leading integrated energy companies and is taking action toward creating a sustainable energy future for our investors, communities and customers. Drawing on over 170 years of experience, AGL operates retail and merchant energy businesses, power generation assets and an upstream gas portfolio. AGL has one of Australia's largest retail energy and dual fuel customer bases. AGL has a diverse power generation portfolio including base, peaking and intermediate generation plants, spread across traditional thermal generation as well as renewable sources including hydro, wind, landfill gas and biomass. AGL is Australia's largest private owner and operator of renewable energy assets and is looking to further expand this position by exploring a suite of low emission and renewable energy generation development opportunities.