Do Beach Energy shares pay dividends?

Is this energy giant an ASX dividend paying share?

| More on:
A piggy bank sitting on the beach wearing sunglasses

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

sdf

Key points

  • Beach Energy is one of the ASX's biggest energy stocks. It also happens to be a dividend-paying share
  • The company has paid out 2 cents of dividends over the last 12 months
  • That left it trading with a dividend yield of 1.2% as of Friday's close

Beach Energy Ltd (ASX: BPT) shares sit among the S&P/ASX 200 Index (ASX: XJO)'s energy giants but does the company stack up when it comes to paying out dividends?

The $3.78 billion oil and gas explorer and producer has been paying out dividends to its shareholders for many years now. Its dividend yield, however, leaves plenty to be desired.

At the time of writing, the Beach Energy share price is trading at $1.67, 0.3% higher than its previous close.

In comparison, the ASX 200 has had a shocker, slipping 1.29% today.

Let's take a closer look at the details of the energy company's dividends.

The lowdown on Beach Energy's dividends

Beach Energy shares do pay dividends. Though, the company's dividends are small compared to those of its peers.

Over the last 12 months, Beach Energy has paid out 2 cents of dividends.

It handed investors a 1 cent dividend for the financial year 2021 and another 1 cent dividend for the first half of financial year 2022.

It's worth noting that both dividends were fully franked. That means some shareholders might receive additional value from the payouts come tax time.

Still, at its previous closing price, Beach Energy's stock was trading with a dividend yield of 1.2%.

For comparison, shares in fellow ASX 200 energy stock, Santos Ltd (ASX: STO) offered a dividend yield of 2.4% at Friday's close. Meanwhile, those of Woodside Petroleum Limited (ASX: WPL) boasted a 5.9% yield.

Still, Beach Energy's recent 1 cent payouts are among the highest in the company's dividend-paying history.

There have been only a handful of times the company has paid out more than 1 cent for any six-month period — the last time being eight years ago. At the time, it handed out a final and special dividend valued at a combined 2 cents for the financial year 2014.

Beach Energy share price snapshot

The Beach Energy share price has been performing well lately.

It has gained 27% since the start of 2022. It's also 24% higher than it was this time last year.

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Energy Shares

An oil worker in front of a pumpjack using a tablet PC.
Energy Shares

Why did ASX 200 energy shares rip up the charts on Friday?

Analysts say oil prices are on track for their best week since February 2022.

Read more »

A male oil and gas mechanic wearing a white hardhat walks along a steel platform above a series of gas pipes in a gas plant.
Energy Shares

$10,000 invested in Santos shares 5 years ago is now worth…

Have Santos shares beaten the ASX 200 over five years? Let’s find out.

Read more »

a man in a business suit looks at a map of the world above a line up of oil barrels with a red arrow heading upwards above them, indicting rising oil prices.
Energy Shares

Woodside, Santos, and this ASX energy stock are storming higher on oil price jump

Oil prices jumped overnight amid escalating tensions between the US and Iran.

Read more »

Young man in shirt and tie staring at his laptop screen watching the Paladin Energy share price tank today
Energy Shares

Looking for opportunity? This sector has fallen the furthest in 2025

Whilst the ASX 200 has largely rebounded from a turbulent start to the year, this sector is yet to recover. 

Read more »

A female coal miner wearing a white hardhat and orange high-vis vest holds a lump of coal and smiles as the Whitehaven Coal share price rises today
Share Gainers

The Coronado Global share price just surged to a 114% weekly gain. Here's why

Investors have sent the ASX coal stock flying higher in June. But why?

Read more »

Worker inspecting oil and gas pipeline.
Dividend Investing

Should I buy Woodside shares today for their 8% dividend yield?

With an 8% dividend yield and a resurgent share price, should I buy Woodside shares right now?

Read more »

Happy coal miner.
Share Gainers

Up 75% this week, why is this ASX All Ords stock rocketing again today?

Investors are piling into this ASX 300 stock on Wednesday. But why?

Read more »

Man pointing at a blue rising share price graph.
Share Gainers

Guess which ASX 300 stock just rocketed 43% on big news!

Investors are piling into this ASX 300 stock on Wednesday. But why?

Read more »