Australia's biggest integrated petroleum company Ampol has posted a surge in profit and more than doubled the interim dividend after a first-half of surging fuel prices amid a supply shock.
Shares in the servo chain and refinery operator rallied 75 cents or 2.2 per cent to $34.89 in afternoon trade on Monday on the dividend bonanza and the chance of a future buyback.
Ampol declared a fully franked interim dividend of 120 cents per share for the six months to June 30, more than double the prior interim dividend and more than the total dividend for the full fiscal 2021 year.
