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Britain’s Go-Ahead to reinstate pre-COVID dividend from 2022
2022.04.05 09:41
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)
