EasyJet poised to pay first dividend

first_img whatsapp KCS-content BUDGET airline easyJet is set to announce its first dividend payment alongside its results tomorrow, according to reports.The carrier has not paid a dividend since it listed ten years ago, but new chief executive Carolyn McCall has come under pressure from founder Stelios Haji-Ioannou to appease shareholders.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. Stelios had threatened to withdraw easyJet’s permission to use the orange “easy” branding, but has since signed a licencing agreement that gives him 0.25 per cent of the firm’s profits. The FTSE 250-listed firm is expected to announce pre-tax profit of £154.5m tomorrow, following a profit upgrade in October that sent its shares up ten per cent. Annual profit is expected to be three-times more than last year, when higher fuel and staffing costs took the firm by surprise. Analysts have predicted strong profit growth in easyJet’s results, despite the firm losing millions when flights were grounded in April due to the volcanic ash cloud. Shares in easyJet closed at 466p on Friday, giving the firm a market capitalisation of almost £2bn. More From Our Partners Colin Kaepernick to publish book on abolishing the policethegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org EasyJet poised to pay first dividend Tags: NULL Sunday 14 November 2010 10:37 pm Share Show Comments ▼ whatsapplast_img read more