Airline plans regular dividend payments
Neil Sorahan, Ryanair's chief financial officer, says it remains to be seen if the airline will stay listed on the Irish Stock Exchange. Photograph: Jason Alden/Bloomberg
Neil Sorahan, Ryanair’s chief financial officer, said on Monday that it “remained to be seen” whether Europe’s biggest airline would stay with the Irish Stock Exchange. Ryanair’s shares soared in Dublin on Monday following news that it had earned €2.18 billion first-half profit and planned returning €400 million to investors in two ordinary dividend payments in February and September 2024.
Under a new policy, Ryanair will return 25 per cent of the previous year’s profit after tax to shareholders in ordinary dividends, beginning from its next financial year, which starts in April. Ryanair repaid more than €1 billion debt, including a €750 million bond, in August. Mr Sorahan confirmed that it was on track to be debt free by 2026.
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