easyJet To Pay First Dividend

easyJet shareholders are due to receive their first dividend since the company was founded by Sir Stelios Haji-Ioannou. While Sir Stelios has no involvement in the day to day running of the airline he is still the biggest shareholder.

easyJet have seen its profits triple as it leads the way in the resurgence for the aviation industry after a pretty terrible last two years. The move will also please Sir Stelios after a court order was recently settled regarding branding rights issues.

The annual payment would be based on a dividend cover of five times, unlike Ryanair who chose to pay their dividend in a one off payment instead of annual payments.