Dividend is good - getting rid of some franking credits. I’d argue it’s only this high due to the capital raising having a large buffer for development costs. Would have been better to raise less $ and lower the pay or rate.
regardless it’s still a great result and I’m not complaining. I took up the rights across all entities.
The only safe large cap O&G pure play on the ASX. Note I hold some ORG and little STO (use to be significant but sold most). Both of those are risky IMO.
WPL Price at posting:
$36.06 Sentiment: Hold Disclosure: Held
