Is AGL (ASX:AGL) really offering a 7% dividend yield today?

Looking at the AGL Energy Limited (ASX: AGL) share price today, a few things stand out. First up, the share price itself. AGL shares are trading at $13.46 at the time of writing. That gives this company a market capitalisation of $8.4 billion and a price-to-earnings (P/E) ratio of 8.51.

That is a very low share price for AGL, historically speaking. The last time AGL shares were this low was back in early 2015. On these prices, AGL shares have lost more than 50% of their value since they hit $27.61 per share in 2017.

And here’s another sobering statistic: you could have bought AGL shares for the same price as you can today, way back in 2006.

But secondly, AGL’s trailing dividend appears to be offering a whopping 7.27% yield on…