Envestra said based on yesterday's share price of 93c and the forecast full-year distribution of 9.5c, the current yield on Envestra securities is 10 per cent.

The company said the distribution is for the six months ended 30 September and represents 60% of the expected full year distribution. The higher first half-payment reflects the higher cash flow generated by the company during the winter months.

"The company's focus remains on delivering reliable returns to shareholders and we expect to be able to maintain our annual distribution at around 9.5 cents for the forseeable future," said Envestra's chairman, John Allpass.

Envestra said the payment of 5.7 cents per stapled security is made up of 1.71 cents interest on the loan note and 3.99 cents repayment of loan note principal. Following payment of the distribution, the loan note balance will be 38.67 cents.

The securities will trade ex-distribution on 8 November. Shareholders on the company's register as at 14 November will qualify for the distribution which is to be paid on 25 November, Envestra added.