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Nov 6 2023, 06:50 GMT
Ryanair Holdings
Cash machine – €400m maiden dividend and policy announced
- Sectors : Airlines
- Companies : Ryanair Holdings
DAVY VIEW
The unique cash-generative nature of the Ryanair business is illustrated by the €400m dividend and 25% pay-out ratio going forward. Ryanair has given FY24 net profit guidance of €1.85-2.05bn. We move our net income forecast of €1.859bn to c.€2bn. The price target remains €24 per share, backed by cash generation (as highlighted in our September 12th “Decade of growth” report).
