AGL Energy FY16 Result

AGL.ASX reported FY16 result of NPAT $700m which was in-line with the guidance range of $650-720m. Dividends for FY16 were $0.68 and we should see that increase to $0.77 in FY17 and EPS growth increase by 8 – 10%. This will place AGL on a forward yield of approximately 4%.

We continue to like AGL.ASX as a buy-write.

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