The AGL Energy Ltd (ASX: AGL) share price is edging lower amid the company paying out its latest dividend today.
The energy company's shares are currently down 0.23% to $6.405 apiece.
For context, the S&P/ASX 200 Index (ASX: XJO) is hovering in positive territory after yesterday's sell-off. The benchmark index is up 0.26% to 6,486 points.
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AGL pays out interim dividend
On 19 August, AGL reported a mixed performance in its full-year results for the 2022 financial year.
In summary, revenue jumped 20.8% to $13.22 billion compared to the prior corresponding period.
However, underlying earnings before interest, tax, depreciation and amortisation (EBITDA) fell 27% to $1.21 billion.
This led to net profit after tax (NPAT) declining by 58% to $225 million.
AGL acknowledged the challenging energy industry and market conditions but noted that its underlying profit after tax was within guidance.
Nonetheless, the board declared an unfranked final dividend of 10 cents per share to be paid today. This is a large drop from the 34 cents that was paid out in the previous final dividend (FY 2021).
When calculating against the current share price, AGL is trailing on a dividend yield of 4.07%.
AGL has a dividend reinvestment plan (DRP) in place but opted not to apply it to the latest dividend.
AGL share price summary
While moving in circles during recent times, the AGL share price is up 4% in 2022.
When looking at the last 12 months, its shares have travelled further in the green to post a gain of 8.4%.
AGL has a price-to-earnings (P/E) ratio of 5.23 and commands a market capitalisation of roughly $4.3 billion.
