Woodside Energy Group Ltd (ASX: WDS) will soon be paying out its FY23 half-year dividend for investors.
Of course, there comes a point where prospective investors will no longer be entitled to the upcoming dividend. That cut-off is what's called the ex-dividend date. If investors want to receive the dividend then they will need to own Woodside shares before that ex-dividend date.
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Woodside ex-dividend date
According to the ASX energy share, the ex-dividend date for the half-year dividend is 31 August 2023, which is Thursday.
That means investors need to own Woodside shares by 30 August 2023, Wednesday, to be entitled to this dividend.
Payout amount
You may be wondering how much shareholders are actually going to get paid by the oil and gas ASX share.
The company's board decided to declare an interim dividend of US 80 cents per share. Aussie investors will be paid an equivalent amount in Australian dollar terms. At the moment, Google Finance says that US 80 cents is the same as A$1.25 per share.
At the current Woodside share price, that would translate into a fully franked dividend yield of 3.3%, or 4.7% grossed-up.
The business also has a dividend reinvestment plan (DRP) that shareholders can take part in if they want to receive more Woodside shares instead of getting a payment of the cash into their bank account.
The payment date for this upcoming dividend is 28 September 2023, which is less than a month away.
How big could the FY23 dividend be from Woodside shares?
According to estimates on Commsec, the ASX energy share could pay an annual dividend per share of $2.22 in FY23.
This level of payment would result in a fully franked dividend yield of 5.8%, or 8.3% of grossed-up dividends.
Woodside share price snapshot
Over the past 12 months, the ASX oil share has gone up by 7.5%, while the S&P/ASX 200 Index (ASX: XJO) has only risen by 2.8%.
