APA Group has announced its estimated final distribution for the past six months, at 20.5 cents per stapled security. This is an increased distribution of 4.8 percent ahead of the previous year.
According to APA’s Chairman, Len Bleasel, “The increased full year distribution reflects our distribution policy that distributions will generally grow in line with operating cash flow. It is pleasing to note that, as expected, APA’s cash flows have increased over the prior year primarily as a result of the ongoing growth of the East Coast Grid.”
The actual amount of the final distribution and its status for taxation purposes will be determined following finalisation of the 2015 financial results, which are due for release on 26 August 2015.