FRANKFURT (Reuters) – German carrier Lufthansa on Monday said it would start pegging its dividend payout ratio to net profit in the future, adding this would give the group, which issued a profit warning a week ago, more flexibility.
Lufthansa said it would pay out a regular dividend of 20-40% of net profit, adjusted for one-off gains and losses, in the future. Its previous dividend policy was based on a payout ratio of 10-25% of earnings before interest and tax.
Payout - Range - Dividend - Policy - Group
“The payout range of the new dividend policy offers the Group more flexibility compared to the previous policy to achieve dividend continuity,” the...
Wake Up To Breaking News!