- Origin Energy Limited (ASX:ORG) has been rewarding its shareholders with sustainable dividends for years.
- The Company pays dividends twice a year on an interim and annual basis.
- The Company’s annual dividend yield stands at 4.65 per cent as of 17 June 2021.
Listed on the Australian Securities Exchange since 21 February 2000, Origin Energy Limited (ASX:ORG) has a rich heritage in production, energy exploration, power generation and retailing. The Company is engaged in the operation of energy businesses, including exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas.
Origin has a long history of rewarding its shareholders with sustainable dividends from its annual profits, generally on an interim and annual basis. Dividends are paid twice per year and recognised as interest income the Company accrues. As of 17 June 2021, the Company’s annual dividend yield stands at 4.65 per cent.
The Company usually offers its shareholders to either receive their dividend payments by direct credit to a nominated bank account or participate in the Dividend Reinvestment Plan (DRP). The Company’s most recent interim dividend payment was made to its stakeholders on 26 March 2021.
Origin paid an ordinary fully paid unfranked dividend of 12.5 cents per share in March for the six months period ending December 2020. The unfranked interim dividend represented 34 per cent of free cash flow. Shareholders also had an opportunity to participate in the DRP in respect of this distribution at a price of AU$4.64.
For dividend payments, the Company’s board continues to target a payout ratio of 30 to 50 per cent of free cash flow per annum and will consider a combination of ordinary dividends and on-market share buybacks.
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Who owns Origin Energy Australia?
As an ASX listed enterprise, Origin is owned by shareholders across the globe.
While Origin is a relatively young firm, its legacy dates back to 150 years through its connection to Boral Limited (ASX:BLD). The Company was founded in 2000 following the demerger of the energy business from the building and construction materials business of Boral. The demerged energy business became a new firm referred to as Origin Energy.
The Company’s first CEO and Managing Director, Mr Grant King, retired in October 2016, paving the way for Mr Frank Calabria to become the new CEO. Mr Calabria is a Director of the Origin Energy Foundation and a member of the Health, Safety and Environment Committee.
Who are the major shareholders in Origin Energy?
As of 17 June 2021, there are over 1.76 billion ordinary shares on issue in Origin, with the Company’s market capitalisation standing at AU$8.5 billion. At present, AustralianSuper Pty Ltd is the largest shareholder in the Company, with a shareholding of about 10.43 per cent.
Here is the list of top 10 shareholders in Origin (as of 17 June 2021):
Origin is committed to delivering market-leading performance for its stakeholders by delivering today's energy needs and exploring and innovating to build tomorrow's energy solutions.