AGL Energy Ltd · Dividends
ASX: AGL · Utilities · Independent Power Producers
Dividends per share
Per financial year, as reported in the accounts
Payment record
Totals paid and share of profit distributed
| FY | Per share | Total paid | Payout ratio |
|---|---|---|---|
| FY25 | $0.58 | $390.0M | – |
| FY24 | $0.49 | $330.0M | 46% |
| FY23 | $0.18 | $121.0M | – |
| FY22 | $0.48 | $317.0M | 37% |
| FY21 | $0.92 | $573.0M | – |
| FY20 | $1.12 | $719.0M | 71% |
| FY19 | $1.18 | $774.0M | 86% |
| FY18 | $1.04 | $682.0M | 43% |
| FY17 | $0.77 | $517.0M | 96% |
| FY16 | $0.66 | $446.0M | – |
Reading the payout ratio
The payout ratio is the share of net profit returned to shareholders as dividends. A ratio under ~70% generally leaves room to maintain the dividend through a weaker year; a ratio persistently near or above 100% means the company is paying out more than it earns, which is rarely sustainable. Per-share figures here are company-reported annual totals. Check the company's own announcements for franking credits and payment dates.
Has AGL Energy (ASX: AGL) cut or grown its dividend over the past decade?
AGL Energy's dividend per share rose from $0.661 in FY2016 to a peak of $1.1802 in FY2019, before being cut in each of the following years to a low of $0.1799 in FY2023. It has since partially recovered, reaching $0.4905 in FY2024 and $0.5797 in FY2025 — still well below the FY2019 peak. Payments have been made in every fiscal year shown, so the record over this period is one of a substantial cut followed by a partial rebuild rather than a suspension.
Because net income has swung between profit and loss, the payout ratio has been volatile and not a meaningful gauge of dividend coverage in loss years — FY2025's payout ratio of -397.96% simply reflects dividends paid against a small $98 million net loss, not dividends exceeding earnings by that multiple. In years of reported profit, the ratio has looked more conventional, ranging from 42.97% in FY2018 to 85.52% in FY2019, suggesting earnings coverage of the dividend has been more reliable in profitable years than the loss-year figures suggest on their own.
AI-assisted analysis generated from Craytheon's verified financial data · Updated 4 Jul 2026 · How this works
Data is general information only, not financial advice. Figures are as reported in company filings (some ASX companies report in USD); share prices are AUD.