Report
EUR 200.00
For Business Accounts Only
This measure was expected, given the current context, and prevents €~330 M of cash outflow, at a time when the market is particularly focused on liquidity levels. In this regard, we recall that IAG has €~9.3 Bn of liquidity (€ 7.2 Bn of cash and another € 2.1 Bn in credit lines), as the company confirmed on Monday (after expanding the maturity of a credit line worth € 1.25 Bn until June 2021).
IAG: CANCELS FINAL DIVIDEND’19 (ANÃLISIS BANCO SABADELL)
IAG has announced that it has cancelled the payment of the final dividend’19, which was scheduled for July, totalling € 0.17/sh. (~7.5% yield). Moreover, it has postponed the AGM (to be held in June) until September 2020.This measure was expected, given the current context, and prevents €~330 M of cash outflow, at a time when the market is particularly focused on liquidity levels. In this regard, we recall that IAG has €~9.3 Bn of liquidity (€ 7.2 Bn of cash and another € 2.1 Bn in credit lines), as the company confirmed on Monday (after expanding the maturity of a credit line worth € 1.25 Bn until June 2021).
Underlying
International Consolidated Airlines Group SA
International Airlines Group is an international scheduled airline and global premium airlines. Co.'s principal place of business is London with significant presence at Heathrow, Gatwick and London City airports.
Provider
Sabadell
Francisco Rodriguez
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