Woodside Energy: Maintains dividend despite capex jump.

About the author:

Author name:

By Adrian Prendergast

Job title:

Senior Analyst

Date posted:

23 August 2023, 10:30 AM

Sectors Covered:

Mining, Energy

• Woodside Energy (ASX:WDS) reported a healthy earnings/dividend result largely in-line with market expectations.
• Declared an interim dividend of US80cents per share, maintaining an 80% payout ratio in-line with consensus and our new line of thinking despite meagre FCF.
• We maintain a Hold rating and view WDS as fully priced on a TSR basis.

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