Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Otto Energy Limited ( (AU:OEL) ) just unveiled an update.
Otto Energy Limited has clarified that a portion of its Return of Capital payment will be classified as a dividend, with the remainder being a Return of Capital. This clarification follows a draft Class Ruling from the Australian Taxation Office (ATO), which is not yet binding. Shareholders are advised to seek professional advice regarding the taxation implications of this payment. The final Class Ruling will be published after the payment date, impacting shareholders’ financial planning and potentially affecting the company’s market perception.
More about Otto Energy Limited
Otto Energy Limited operates in the energy sector, focusing on exploration and production activities. The company is listed on the Australian Securities Exchange (ASX) under the ticker OEL and has offices in both Australia and the United States.
Average Trading Volume: 2,457,493
Technical Sentiment Signal: Hold
Current Market Cap: A$28.77M
See more data about OEL stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue