easyJet to pay first dividend?
15.11.10
easyJet is to announce its first dividend payment when it reports its annual results tomorrow, the Times suggests. The airline has not paid a dividend since it listed ten years ago, but new chief executive Carolyn McCall has come under pressure from founder and biggest shareholder Sir Stelios Haji-Ioannou on the issue.
Sir Stelios, who quit the board in May in a row over strategy, said in an recent interview that the company should slow down expansion and pay a small, regular dividend. He had threatened to withdraw easyJet’s permission to use the orange ‘easy’ branding, but has since signed a licensing agreement that gives him 0.25 percent of the firm’s profits.
The airline is expected to announce pre-tax profit of £155 million tomorrow, three times the level of a year earlier, following a profit upgrade in October that saw its shares climb by ten percent.
Add to: del.icio.us | Digg it | Newsvine | NowPublic | Reddit
To book luton airport hotel or luton airport car park at the lowest price, click on these links to two great luton airport car parking and luton airport hotel price comparison pages.
