0156 GMT - AGL Energy's comment about its dividend outlook spooks bull RBC Capital Markets. AGL said it intends to keep paying fully franked dividends in FY 2026. Franking credits are a local tax benefit in Australia. AGL's remark sounds concerning to RBC because it thought paying fully franked dividends was a given. "We were expecting a comment on where the dividend may be within its 50%-75% payout guidance range," analyst Gordon Ramsay says. AGL's share price drops 14% to A$8.81 after its annual result and guidance, which missed consensus forecasts. It is on course for its lowest close since April 2024. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
August 12, 2025 21:56 ET (01:56 GMT)
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