business
Woodside Considers First Dividend Policy Change in Over a Decade
Woodside Energy is considering its first dividend payout policy change in over a decade.
Key points
- Analysts are foreshadowing an announcement on a new payout policy as early as this week.
- The announcement could come at Woodside's investor briefing in Sydney on Thursday.
- Liz Westcott took over as chief executive from Meg O'Neill, who now leads multinational BP.
Why it matters. A new payout policy could change returns for Woodside shareholders, and the incoming chair is a role that typically has significant input into such decisions.
Woodside Energy is weighing a new payout policy, possibly as early as this week, according to analysts who expect an announcement at the company's investor briefing in Sydney on Thursday. The briefing will be the first since Liz Westcott replaced Meg O'Neill as chief executive, and O'Neill now leads multinational BP. The move comes ahead of news on who will replace Richard Goyder as chair, a role that typically has significant input into such decisions.
Latest updates
Woodside Considers First Dividend Policy Change in Over a Decade
Woodside Energy is considering its first change to its dividend payout policy in more than a decade. Analysts expect an announcement as early as Thursday, with a payout linked to cash flow rather than the current approach. The shift would be expected to lift shareholder returns over the coming years as the company's growth projects begin production. The decision comes ahead of news on who will replace Richard Goyder as chair, a role that typically has significant influence over such decisions. Further details of the new policy have not yet been released.