YAL, WDS, WHC: A look through 3 dividend paying ASX energy stocks - Kalkine Media

May 01, 2023 07:30 PM AEST | By Neha Simpy
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  • For the FY22 period, Yancoal Australia Limited (ASX: YAL) paid a final dividend of 100% franked AU$0.70 a security on 28 April 2023.
  • Woodside Energy Group Ltd (ASX: WDS) paid a fully franked final dividend of US 144 cps on 5 April for FY22.
  • In 1H FY23, Whitehaven Coal Limited (ASX: WHC) paid a 100% franked interim dividend of 32 cps on 10 March.

A company rewards its stakeholders through dividends for holding its securities, usually on quarterly, monthly, or annual basis. Getting distribution might prove to be a good source of passive income for the stakeholders. However, one needs to find out such dividend stocks for a regular payout.

Let’s scan through the three ASX dividend stocks- YAL, WDS and WHC.

Yancoal Australia Limited (ASX: YAL)

In the FY22 period ended 31 December last year, the coal producer’s board declared a final dividend of 100% franked AU$0.70 a security, which was paid on 28 April 2023.

During the reported period, YAL’s revenue increased 95% to AU$10.55 billion on pcp, which is a positive effect of the higher realised coal more than outweighed the decreased production and sales volumes. The tax expense rose to AU$1.51 billion, leading towards a PAT of AU$35.9 billion.

Yancoal closed Monday higher by 0.539% at AU$5.590.

Woodside Energy Group Ltd (ASX: WDS)

The oil and gas company, which is also a producer of hydrocarbon and related products, ended Monday’s trading session increasing by 0.712% to AU$33.920.

In the FY22 period ended 31 December last year, a 100% franked final dividend of US 144 cps (paid on 5 April) was declared by WDS’ board, which was nearly 80% on the underlying NPAT of AU$5.2 billion in 2H FY22.

In FY22, WDS’ revenue rose 142% to US$16.8 billion versus US$6.9 billion in pcp. NPAT for the reported period stood at US$6.5 billion, reflecting a 228% increase in pcp. The increase was underpinned by the merger with BHP’s petroleum business, elevated market oil and gas prices, etc.

Whitehaven Coal Limited (ASX: WHC)

The coal miner and explorer in 1H FY23 ended 31 December and declared a 100% franked interim dividend of 32 cps, which was paid on 10 March.

The dividend amount represented a total payout ratio of 36% of H1 FY23 NPAT of AU$1.8 billion and cash generated from operations of AU$2.5 billion. During the period, the company attained record revenue of AU$3.8 billion, supported by an attained average coal price of AU$552 per tonne.

As of 31 December 2022, the company’s net cash on the balance was AU$2.5 billion versus AU$1 billion on 30 June last year.

WHC ended Monday’s market session, declining 2.638% to AU$7.390.


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