Britain’s Go-Ahead to reinstate pre-COVID dividend from 2022

04/05/2022

Less than a minute

2022.04.05 09:41

Britain's Go-Ahead to reinstate pre-COVID dividend from 2022
FILE PHOTO: A Go-Ahead bus crosses Westminster Bridge in London, Britain August 29, 2015. REUTERS/Neil Hall/

(Reuters) – British transport operator Go-Ahead said on Tuesday it will reinstate its pre-COVID-19 policy of paying a dividend to shareholders from fiscal year 2022, which will be equivalent to between 50% and 75% of underlying earnings per share.

The group, which has been under scrutiny in recent months for a slew of financial irregularities, also said it is targeting an operating profit of at least 150 million pounds ($196.92 million) in the medium term, after it concluded a business review by new Chief Executive Christian Schreyer.

($1 = 0.7617 pounds)

Source

04/05/2022

Less than a minute