Home »Dividend Stocks» FY21 Earnings: Is APA (ASX: APA) the Best ASX 200 Dividend Stock?

The APA Group (ASX: APA) just reported its FY21 earnings, the one shows a further increase in the payout. Is it the best dividend stock of the ASX 200 (ASX: XJO)?

The Gas Infrastructure business announced that FY21 revenue grew 0.7% to $ 2.14 billion.

That adjusted However, EBITDA (EBITDA explained) decreased 1.3% to $ 1.63 billion. The decrease was due to higher investments in strategic development opportunities and capabilities, higher & compliance costs for insurance, and smoother contract renewals in challenging market conditions. There were also “softer” contract renewals in difficult market conditions.

APA’s reported profit after tax was $ 3.7 million. This was affected by the Orbost non-cash impairment charge of $ 249.3 million and $ 148 million in borrowing costs related to the repayment of bonds. The company has already announced this to the market.

Adjusted profit after tax excluding these items was $ 281.8 million. Free cash flow decreased 5.7% to $ 901.9 million, largely due to a one-time benefit in FY20.

The final payout is 27 cents per security from the ASX 200 dividend stock, which is the total payout for the fiscal year 21 increased to 51 cents per security after taking into account the half-yearly distribution, an increase of 2%.

But APA expects more growth in FY22. It is expected to pay a dividend of 53 cents per security, an increase of 3.9%.

The APA aims to achieve net zero operations by 2050. It aims to be world class in energy solutions.

Rob Wheals, CEO and Managing Director of APA, said, “Through our Pathfinder program, we have continued our investment in tomorrow’s energy solutions that have the potential to take advantage of the economic benefits of To develop new uses of our infrastructure and at the same time ensure that we can continue to react to the energy transition. ” Needs of our customers.

“APA invested over $ 280 million in growth projects in FY21 that will support sales growth in the years to come. Long-term, APA’s revenue will be supported by our pipeline of projects totaling over $ 1.3 billion over the next three years, strengthening our position as Australia’s leading energy infrastructure company.

“APA has an extensive growth program, potential strategic options in the US and our Pathfinder program, which is exploring the longer term opportunities in moving to a zero carbon energy perspective. ”

APA is not far from expanding for two decades in a row. The prospect of a higher dividend in FY22 is attractive. At the current APA share price, that indicates a return of 5.3%.

The infrastructure business has fierce competition for the best ASX 200 dividend stock with companies like Washington H. Soul Pattinson and Co. Ltd (ASX: SOL ), Brickworks Limited (ASX: BKW) and Charter Hall Long WALE REIT (ASX: CLW.). ).

In terms of returns, income security, and expanding renewable energy infrastructure, I think APA could be one of the best ASX 200 dividend stocks out there.

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Macquarie Telecom Group Ltd (ASX: MAQ) today released its FY21 results with a 7% increase in sales that has market but reacted indifferently to the update.

Fast fashion jeweler Lovisa Holdings Ltd (ASX: LOV) posted a 43% increase in profits in FY21. However, it was the 56% increase in sales in the first eight weeks of FY22 that excited the market.

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