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Article from BTNews 28 SEPTEMBER 2009

Ryanair could pay a dividend

RYANAIR’S Chief Executive Officer Michael O’Leary hinted at last week’s Dublin Annual General Meeting that the airline might for the first time ever actually pay a dividend.  The budget airline is sitting on a cash pile of €2.5bn (£2.3bn) but has always frowned upon actually paying out to investors, shareholders relying on the market price to rise to make a return.  Over the last 24 months this has varied from €5.5 to €1.8 and currently stands at around €3.5.  Mr O’Leary predicts total carryings to be around 66m, slightly down on the previous year and is vague about profits, the band being between €200m and €300m.  He now seems to be in favour of the EU Lisbon treaty upon which the Irish are shortly to vote upon (2 October).  He remains sceptical for the future of Aer Lingus where he holds 29% of the votes. www.ryanair.com

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