Yahoo Finance Why We Think Woodside Petroleum Ltd (ASX:WPL) Could Be Worth Looking At
I've been keeping an eye on Woodside Petroleum Ltd (ASX:WPL) because I'm attracted to its fundamentals. Looking at the company as a whole, as a potential stock investment, I believe WPL has a lot to offer. Basically, it is a notable dividend payer that has been able to sustain great financial health over the past. In the following section, I expand a bit more on these key aspects. For those interested in digging a bit deeper into my commentary, read the full report on Woodside Petroleum here.
Excellent balance sheet average dividend payer
WPL is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This implies that WPL manages its cash and cost levels well, which is an important determinant of the company’s health. WPL's has produced operating cash levels of 0.81x total debt over the past year, which implies that WPL's management has put its borrowings into good use by generating enough cash to cover a sufficient portion of borrowings.
For those seeking income streams from their portfolio, WPL is a robust dividend payer as well. Over the past decade, the company has consistently increased its dividend payout, reaching a yield of 7.6%, making it one of the best dividend companies in the market.
Next Steps:
For Woodside Petroleum, I've compiled three pertinent factors you should further research:
Future Outlook: What are well-informed industry analysts predicting for WPL’s future growth? Take a look at our free research report of analyst consensus for WPL’s outlook.
Historical Performance: What has WPL's returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.
Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of WPL? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.
