easyJet to propose 21.5p per share dividend during AGM

Sir Michael Rake, Chairman of easyJet, is expected to propose a dividend of 21.5p per share to be paid in respect of the financial year ending September 30th in an annual general meeting on Thursday.

Sir Michael Rake, Chairman of easyJet, is expected to propose a dividend of 21.5p per share to be paid in respect of the financial year ending September 30th in an annual general meeting on Thursday.

A curtainraiser preview of the Chairman's speech, issued ahead of the meeting by easyJet, indicated that strong growth results for the low-cost airline.

"Since the last annual general meeting, easyJet has gone from strength to strength and has delivered total shareholder return of 125% through a combination of share price appreciation and the payment of £196m in ordinary and special dividends," Sir Michael is expected to say.

"In the 2012 financial year, profit after tax grew by 13% to £255m and due to the strength of this performance and outlook for sustainable growth and returns the board has increased the level of ordinary dividend paid annually from a ratio of five times cover to three times cover.

"Consequently, subject to your approval today, a dividend of 21.5p per share will be paid in respect of the financial year ending September 30th 2012."

easyJet's share price was down 1.18% to 1,003p at 10:16.

MF

Recommended

The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
23 Jan 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023
The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into accord…
5 Jan 2023
Investing trends to watch out for in 2023: what analysts say
Investment strategy

Investing trends to watch out for in 2023: what analysts say

What are sensible strategies for high inflationary times? We ask analysts to find out.
22 Dec 2022

Most Popular

House prices could fall 30%. Should investors be worried about a repeat of 2008?
Investments

House prices could fall 30%. Should investors be worried about a repeat of 2008?

Some analysts are predicting that house prices could fall as much as 30%, which, when compared to the fact that prices have jumped 28% since April 201…
24 Jan 2023
Will energy prices go down in 2023?
Personal finance

Will energy prices go down in 2023?

Wholesale gas prices are on a downward trajectory, but does this mean lower energy bills later this year?
27 Jan 2023
Council tax increases 2023 – how much more will you pay?
Tax

Council tax increases 2023 – how much more will you pay?

Your council tax bill will go up in April - we reveal the councils that have confirmed what this year’s increase will be.
23 Jan 2023