APA Group (ASX: APA) today announced an estimated interim distribution of 26.5 cents per security for the six months ending 31 December 2023. This represents a 1.9% increase over the FY23 interim distribution of 26.0 cents per security.
Consistent with previous guidance, total distributions for FY24 are expected to be 56.0 cents per security, inclusive of the distribution of 26.5 cents per security for the six months ending 31 December 2023.
The actual amount of the interim distribution and its tax deferred status will be confirmed following finalisation of the half year results, which are due for release on 22 February 2024. APA will confirm allocable franking credits when finalising the interim distribution with the release of the half year results.