Shares in Ampol hit a five-month high on Monday after Australia’s largest oil refiner posted record annual earnings and rewarded shareholders with a bumper crop of dividends.
Buoyed by soaring earnings, Ampol declared a final ordinary dividend of $1.05 per share, up from 41¢ last year. It also declared a special dividend of 50¢ apiece.
Shares were up 1.98 per cent on Monday at $32.40 after touching a five-month high of $33.16 as investors welcomed the bumper returns and fat refinery margins. Before the federal government intervened, Ampol was struggling with mounting losses that saw the company launch a review into the future of its Lytton oil refinery in Brisbane.
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Long with price gouging.
Yeh keep lifting rates for home owners tho.