0434 GMT - Woodside Energy's financial line-item guidance raises questions about the sustainability of its dividend, Citi says. "Consensus expectations for a US$0.60/share final dividend look unrealistic against guided 'other costs' for 2024 that were materially higher on non-cash mark-to-market for hedges," analyst James Byrne says. Woodside guided to 'other costs' of US$1.7 billion-US$1.9 billion. That was much higher than Citi's prior US$500 million forecast. "We think the board may consider equity raising via a dividend reinvestment plan," says Citi, which has a sell call on the stock. Woodside is down 2.8% today. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 16, 2025 23:34 ET (04:34 GMT)
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