Ryanair Holdings

Cash machine – €400m maiden dividend and policy announced

  • Sectors : Airlines
  • Companies : Ryanair Holdings

Ratings and price correct at time of issue.

  • Ryanair Holdings

    Closing Price: 1520c

  • RATING 07/12/09

  • PREVIOUS RATING 02/11/09



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).

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Nov 6 2023, 06:50 GMT