APA estimated final distribution for the six months ending 30 June 2020
APA Group (ASX:APA) today announced an estimated final distribution of 27.0 cents per security for the six months ending 30 June 2020.
Based on this estimate, together with the interim distribution of 23.0 cents per security paid in March 2020, total distributions for the 2020 financial year will be 50.0 cents per security, which is 3.0 cents per security or a 6.4% increase over the previous year.
The actual amount of the final distribution and its tax deferred status will be confirmed following finalisation of the 2020 financial results, which are due for release on 26 August 2020. APA will confirm allocable franking credits when finalising the final distribution with the release of its 2020 financial results on 26 August 2020.