Woodside Share Price ASX: WDS Live Quote, Forecast & Dividend

Woodside Energy has paid a dividend every year for over three decades — a record that keeps income investors watching the ASX board. The stock sits just below the analyst consensus target of A$33.19, meaning the upside is modest but the yield is not. With commodity prices in flux, the real question for 2026 is whether that dividend stream is as solid as it looks.

Current ASX Price: $32.110 · Today’s Change: +$0.339 · Day’s Range: 31.90 – 32.70 · Previous Close: 31.77 · Open: 32.08

Key metrics for the ASX listing confirm the current dividend profile and analyst positioning on the stock.

Is Woodside a buy, sell, or hold?

The stock trades at AU$32.61 as of late April 2026 — up 2.64% — yet sits below the analyst consensus target of A$33.19 (Simply Wall St). That gap is narrow enough that value-conscious investors may find the upside limited without a catalyst.

Analyst consensus

Twelve analysts cover the stock with a clean split: seven rate Buy, seven rate Hold, against an average price target of A$33.39 and a high of A$42.77 (Investing.com Consensus Estimates). No Strong Sell ratings appear in the current consensus, which reflects genuine uncertainty rather than outright bearishness.

Recent performance factors

The 90-day return sits at 35.19% and the 1-year total shareholder return reached 67.78% (Simply Wall St). Strong recent momentum raises the question of how much juice is left — a stock that has already run 35% in three months demands tighter entry discipline.

What is the next Woodside dividend?

The next ex-dividend date is March 5, 2026, with payment scheduled for March 27, 2026 (Intelligent Investor). The amount of 83.49 cents AUD is the interim/first-half result payout — slightly below the prior year’s corresponding dividend.

Ex-dividend dates

Tracked ex-dividend dates show a pattern: the August 28, 2025 ex-date paid 0.81562 AUD on September 24, 2025, and the March 6, 2025 ex-date paid 0.84864 AUD on April 2, 2025 (Stockanalysis ASX). To receive the March 2026 dividend, investors must own the stock before the March 5, 2026 record date.

Dividend history

The FY2024 full-year payout came to A$1.87 per share against a stock price of A$23.99 on December 16, 2024 — a yield of approximately 7.79% (Stocksguide). The annualized 2025 dividend rate sits at A$1.88, translating to a yield of 6.94% at current prices (Stockanalysis).

UBS predicts the Woodside dividend per share could rise to US 79 cents per share in FY25. That translates into a grossed-up dividend yield of 7.1%, including franking credits.

UBS analysts — Motley Fool Australia

Is Woodside a good dividend stock?

For Australian investors, Woodside ranks among the most dividend-generous oil and gas names on the ASX. The 100% franking on every payout adds an extra layer of after-tax value that unfranked international peers simply cannot match.

Yield comparison

The current dividend yield of 6.94% (ASX) exceeds the 5Y average of 7.63% by a modest margin, and the forward yield estimate of 8.45% suggests the market expects the payout to be maintained or slightly increased (Stocksguide). In contrast, the NYSE ADR yield is 5.35% on an annual dividend of $1.02 USD — lower because US investors do not receive Australian franking credits (Stockanalysis NYSE).

Payout reliability

The payout ratio on the ASX sits at 78.46%, which means roughly 78 cents of every dollar of earnings goes to dividends — a level that leaves modest buffer but is not alarming for a resource company with capital cycling needs (Stockanalysis). However, the 1-year dividend decline of -14.08% shows the payout is not immune to earnings swings (Stockanalysis).

UBS is forecasting that the Woodside dividend per share could decline to 52 cents per share in FY26, which translates into a forward grossed-up dividend yield of 4.6%, including franking credits.

UBS — Motley Fool Australia

Is Woodside overvalued?

Whether Woodside looks cheap or expensive depends on which earnings scenario the market prices in. The current P/E of 10.30 is unremarkable — but if UBS is right about FY26 earnings compression to US$1.2 billion, the forward multiple may need to recalibrate upward in a less flattering direction.

Valuation metrics

Key valuation data from Stockopedia shows a forecast PE ratio (12-month rolling) of 13.05, PEG of 0.64, Price to Book of 1.24, and EV to EBITDA of 6.38 (Stockopedia). The PEG of 0.64 is below 1.0, which can signal the market is underpricing growth — but only if that growth materializes.

These valuation inputs form the baseline for the forward multiples shown in the specs table below.

The forward P/E rising from 10.30 to 13.21 is a meaningful increase — it implies the market expects earnings to compress relative to the current share price, or that the stock needs time to grow into its valuation.

Peer comparisons

GuruFocus rates the stock with a GF Score of 59 out of 100 and flags five warning signs as of April 2026 (GuruFocus). This score is neither distressed nor compelling — it sits in the middle of the pack, suggesting the market is genuinely uncertain rather than uniformly bullish or bearish.

Is Woodside a good investment?

The honest answer splits by investor type. For yield-hunting ASX investors who can stomach commodity exposure, Woodside’s fully franked 6.94% dividend is genuinely competitive. For growth-oriented portfolios, the case is weaker — the dividend has declined 14.08% year-over-year and the price has already run 35% in 90 days.

Growth prospects

UBS forecasts the FY28 DPS could reach US$0.95, translating to an 8.5% grossed-up yield for Australian investors who claim franking credits (Motley Fool Australia). The FY29 estimate sits slightly lower at US$0.86 (7.7% yield), which suggests the dividend growth cycle is not linear upward.

Risks

UBS reportedly projects FY26 net profit could fall to US$1.2 billion — a significant compression from recent levels — which would directly pressure the dividend payout capacity (Motley Fool Australia). Commodity price volatility remains the dominant risk factor for any oil and gas producer, and Woodside is no exception.

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Investors tracking Woodside’s ASX performance often benchmark it against peers like Origin Energy (ORG), noting its outperformance over rivals such as AGL in recent years.

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