2244 GMT - Beach Energy's interim dividend falls short of market expectations, with Barrenjoey noting the payout doesn't align with the company's distribution policy. Beach declared an interim dividend of 3 Australian cents a share. While that was up 50% on last year it fell short of the 4 cents anticipated by the market. Analyst Dale Koenders points out that Beach reported free cash flow of A$431 million in 1H. "But this free cash flow then also implies a payout ratio of only 16%, below policy of 40-50%," Koenders says in his initial response to the result. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 05, 2025 17:44 ET (22:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。