Ryanair Holdings PLC (NASDAQ:RYAAY) Declares $0.44 Special Dividend

Ryanair Holdings PLC (NASDAQ:RYAAY – Get Free Report) announced a special dividend on Friday, July 24th. Shareholders of record on Friday, August 7th will be paid a dividend of 0.4434 per share by the transportation company on Monday, September 28th. The ex-dividend date is Friday, August 7th.

Ryanair has a payout ratio of 21.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Ryanair to earn $4.71 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 21.7%.

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Ryanair Stock Performance

RYAAY stock opened at $60.19 on Wednesday. The firm has a market cap of $31.27 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.89 and a beta of 1.16. The firm’s fifty day moving average is $61.30 and its 200 day moving average is $61.99. Ryanair has a 52 week low of $53.14 and a 52 week high of $74.24.

Ryanair (NASDAQ:RYAAY – Get Free Report) last issued its earnings results on Friday, July 17th. The transportation company reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.18). Ryanair had a net margin of 12.14% and a return on equity of 21.23%. The company had revenue of $5 billion for the quarter, compared to analysts’ expectations of $5.06 billion. As a group, analysts forecast that Ryanair will post 3.95 EPS for the current year.

Ryanair Company Profile

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Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.

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