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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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks