Business
With an 8% dividend yield, is the AGL (ASX:AGL) share price a buy?
The S&P/ASX 200 Index (ASX: XJO) is having another day in the red today. The ASX’s flagship index is down 0.61% at the time of writing. But one ASX dividend share is having an even worse day. AGL Energy Limited (ASX: AGL) shares are taking a nasty hit today.
The AGL share price is down 3.79% to $12.06 this afternoon at the time of writing, a new 52-week low. But get ready for this statistic: AGL shares, at this new share price, are now at a 12-year low. That’s right, AGL is now trading at the same share price it was back in mid-2008. And the shares are now down more than 56% since their last high of ~$27.70 seen back in 2017.
More bad news for AGL shareholders
The catalyst for this latest downward move? This morning, AGL issued…
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