Amadeus shareholders have approved a €134.3 million annual dividend.
Amadeus agrees to 35% shareholder pay out
Amadeus shareholders have approved a €134.3 million annual dividend.
This represents a pay-out of 35% of the company’s 2010 profit for the year. The dividend has a value of €0.30 per share and will be paid on July 27.
President and chief executive Luis Maroto said: “2010 was a positive year for Amadeus, firstly because of the success of our return to the stock market, but also because our transaction-based model again proved adaptable and allowed us to benefit from the improvement in global travel.
“As a result, we further strengthened our financial position by substantially reducing our financial debt and our adjusted profit for the year grew by 24.3% to total €427.4 million.”
