Full Year Results 

IAG to pay special dividend

IAG to pay special dividend

International Consolidated Airlines (IAG) is set to return more money to shareholders. The owner of airlines like British Airways and Iberia announced alongside its full-year results that it would pay €700m (£601m) in special dividends, or 35¢ per share. During the reported period, IAG completed a €500m share buyback, after buying back the same amount during the previous year. Unfortunately, fewer British investors will be in line for this cash windfall, as IAG announced that it will limit non-EU shareholders to 47.5 per cent to comply with EU rules on share ownership in the aviation industry. As a result, MSCI has kicked IAG out of its global equity indices, and FTSE Russell is considering doing the same when it rebalances in March.

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