Friday, 3 July 2020. The most recent ex-dividend date was 18-02-2020. IAG’s dividend policy for ordinary shares is to return to shareholders 60-80% of cash earnings.
After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions. The IAG Board will determine the quantum of any final dividend in August 2020 in line with its normal timetable. In order to serve the needs of businesses and households through the unprecedented situation presented by Covid-19, in March 2020 the Board of Directors (“Board”) decided not to undertake any quarterly or interim dividend payments, accrual of dividends or share buybacks and defer decisions on any future shareholder distributions until the end of 2020. There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 1.2. Closing Date for External Board Nominations. Based on its year-to-date investment income outcomes and its forecast FY 2020 insurance profit, IAG warned that there is presently limited scope to pay a final dividend in September. Record Date for Interim Dividend. It should only be considered an indication and not a recommendation.Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'. (6.38%)
"IAG did not withdraw earnings guidance, saying it still expected low single-digit gross written premium growth and a reported insurance margin of 12.5 per cent to 14.5 per cent.At the time chief executive Peter Harmer suggested the majority of this would be returned to members, most likely through a share buyback scheme. This reflects the severe corrections witnessed in the second half of the financial year in equity and credit markets.The company also advised that its weighting towards growth assets (equities and alternative asset classes) in its shareholders’ funds portfolio has materially reduced from the 49% allocation at December 31, to under 30% at April 30.This reflects the combination of the impact of falling equity markets, mark-to-market impacts in alternative asset classes, some active reallocation of funds to fixed interest and cash, and the placement of the proceeds from the sale of the interest in SBI General into conservative fixed interest and cash assets.For the nine months ended March 31, IAG’s underlying business performance was strong.However, management warned that its business and financial performance in the concluding months of FY 2020 is subject to ongoing uncertainty from the impact of COVID-19, economic conditions, and investment markets.Though, it has retained its existing FY 2020 market guidance of low single digit gross written premium growth and a reported insurance margin of 12.5-14.5%. dividend was 24p and it went ex 8 months ago and it was paid 6 months ago. 35.00¢
11.00¢
For more information please see our The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214James Mickleboro has been a Motley Fool contributor since late 2015. View International Consolidated Airlines Group SA (IAG) Ord EUR0.50 (CDI) (IAG) dividend dates and history including final, interim and special dividends. 14.50¢
We may not share
Payment date for IAGPD quarterly distribution . Please note that all details here are provisional at this stage.Please also note that a vote in favour of this Rights Issue is not an instruction to take up your Rights. Dividend prospects. Other key date.