AGL Energy (ASX:AGL) Goes Ex-Dividend on 25 August: Stock in Focus

Sonal Goyal

24 August 2026 05:38 PM AEST

AGL Energy (ASX:AGL) Goes Ex-Dividend on 25 August: Stock in Focus

Image Source: Shutterstock

You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research. Learn more

Start Your Free Trial Now!

Highlights

AGL trades ex-dividend on 25 August 2026 for a $0.26 fully franked final dividend
Payment date scheduled for 24 September 2026
FY26 underlying EBITDA came in at $2.1 billion, in line with guidance
Liddell Battery is now operational as AGL accelerates its energy transition strategy

AGL Energy Ltd (ASX:AGL) shares will trade ex-dividend from 25 August 2026, a key date for shareholders wanting to secure entitlement to the company's latest final dividend. As one of Australia's largest energy retailers and generators, AGL remains a closely watched stock on the ASX, particularly among income investors who value its historically consistent Dividend policy. Anyone purchasing AGL shares on or after the ex-dividend date will not receive this particular payment, while existing shareholders on the register beforehand will be entitled to the distribution. With AGL simultaneously navigating a major transition of its energy generation mix, this ex-dividend event arrives at a period of significant strategic activity for the company.

AGL Energy has declared a final dividend of $0.26 per share, fully franked at 100%, with the stock going ex-dividend on 25 August 2026. Shareholders on the register at the relevant Record Date will receive this payment on 24 September 2026. The full franking Credit attached to the dividend means eligible Australian shareholders can potentially offset their personal or fund-level tax liabilities using the Imputation Credits generated from AGL's underlying company tax payments. This dividend reflects AGL's ongoing capacity to generate consistent underlying Earnings even as it invests heavily in new generation and storage assets, a balance that has become increasingly important for shareholders assessing the company's transition-era financial profile.

About AGL Energy Ltd

AGL Energy is one of Australia's leading integrated energy companies, with operations spanning electricity generation, energy Retailing and increasingly, renewable and storage infrastructure. Historically built around large-scale thermal generation assets, AGL has been undergoing a multi-year transformation toward a lower-carbon energy mix, incorporating batteries, wind, gas peaking capacity and other flexible generation sources. The company serves millions of residential and Business energy customers across Australia, making it one of the most significant players in the domestic energy market and a bellwether stock for the broader energy transition theme on the ASX.

Latest Developments

AGL's most recent major development is its FY26 result and accompanying FY27 outlook, which showed underlying EBITDA of $2.1 billion, broadly in line with the company's own guidance range. Underlying NPAT, however, fell 2% to $631 million, reflecting the costs and complexities associated with AGL's ongoing transition strategy. On the growth and transition front, AGL highlighted that its 500MW Liddell Battery is now operational, marking a significant milestone in converting former coal generation sites into modern storage infrastructure. Construction is also progressing at the Tomago Battery project, while AGL has commenced construction on the 220MW Kwinana Swift Gas 2 project in Western Australia. The company further strengthened its renewable energy credentials by signing two long-term wind power purchase agreements (PPAs), securing future clean energy supply. On the cost side, management has set a target of $50 million in sustainable cost reductions by FY27, underscoring a continued focus on operational efficiency alongside the capital-intensive transition program.

Conclusion

AGL Energy's ex-dividend date of 25 August 2026 brings a fully franked 26-cent final dividend to eligible shareholders, payable on 24 September 2026, and comes amid a period of considerable strategic momentum for the company. The FY26 result showed underlying earnings broadly in line with guidance, even as the business continues to invest heavily in battery storage, gas peaking capacity and renewable PPAs. With Liddell Battery now operational and further transition milestones underway, AGL appears to be balancing Shareholder returns with the Capital demands of decarbonising its generation fleet. Investors will likely continue watching how effectively AGL executes its $50 million cost-reduction target and broader FY27 transition plans.

FAQs

Q: When does AGL Energy (ASX:AGL) go ex-dividend?

A: AGL Energy shares go ex-dividend on 25 August 2026.

Q: What is the value of AGL's latest dividend?

A: AGL has declared a final dividend of $0.26 per share, fully franked at 100%.

Q: When is the AGL dividend payment date?

A: The dividend will be paid to eligible shareholders on 24 September 2026.

Q: What were the key highlights of AGL's FY26 result?

A: AGL reported underlying EBITDA of $2.1 billion, in line with guidance, while underlying NPAT fell 2% to $631 million as the company continued investing in its energy transition strategy.

Q: What transition projects is AGL currently progressing?

A: AGL's 500MW Liddell Battery is now operational, construction is progressing at Tomago Battery, and the company has commenced work on the 220MW Kwinana Swift Gas 2 project, alongside signing two long-term wind PPAs.

Download Free Report – Explore 3 Stock Ideas & Industry Insights

Unlock 3 stock ideas and key industry insights in our free report. This information is general in nature and does not consider your personal objectives, financial situation, or needs. It is not financial advice.

All investments involve risk—consider independent advice before making any investment decisions.

View 3 Research Reports

Disclaimer:

This article (“Article”) has been prepared by Kalkine Pty Limited (ABN 34 154 808 312) (Australian financial services licence number 425376) (“Kalkine”) and its related bodies corporate who are authorised to provide general financial product advice. Kalkine.com.au and its associated pages are published by Kalkine.

Any information/advice provided in this article is general in nature and does not take into account your objectives, financial situation or needs. You should therefore consider whether the information is appropriate for your objectives, financial situation and needs before acting upon it.

There may be a Product Disclosure Statement, Information Memorandum or other offer document (“Offer Document”) for the securities or other financial products referred to in Kalkine articles. You should obtain a copy of the Offer Document and consider it before making any decision about whether to acquire the security or financial product.

Kalkine strongly recommends that you seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) before acting on any advice/information in this Article or on the Kalkine website. Not all investments are appropriate for all people.

The information in this Article and on Kalkine website has been prepared from a wide variety of sources, which Kalkine, to the best of its knowledge and belief, considers accurate. Kalkine has made every effort to ensure the reliability of the information contained in its articles (including this Article), newsletters and websites. All information represents our views at the date of publication and may change without notice.

The information in this Article does not constitute an offer to sell securities or other financial products or a solicitation of an offer to buy securities or other financial products.

Kalkine does not issue, sell or deal in any financial products.

This Article may contain information on past performance of particular investments. Please note past performance is neither an indicator nor a guarantee of future performance.

To the extent permitted by law, and excluding any dishonesty or gross negligence by Kalkine, Kalkine disclaims and excludes all liability for any direct, indirect, implied, punitive, special, incidental or other consequential loss or damage arising from the use of or reliance on this Article, the Kalkine website and any information published on the Kalkine website without any warranties or representations by Kalkine to you. To the extent the law prohibits or limits this exclusion, Kalkine limits its liability to the resupply of services.

Please also read our Terms & Conditions and Financial Services Guide for further information.

Employees and/or associates of Kalkine and its related entities may hold interests in the securities or other financial products covered in this Article or on the Kalkine website. Any such employees and associates are required to comply with certain safeguards, procedures and disclosures as required by law.

Some of the images/music that may be used in the Article are copyright to their respective owner(s). Kalkine does not claim ownership of any of the pictures displayed/music used in the Article unless stated otherwise. The images/music that may be used in the Article are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Kalkine Media Pty Ltd, an affiliate of Kalkine Pty Ltd, may have received, or be entitled to receive, financial consideration in connection with providing information about certain entity(s) covered on its website.