LONDON: British Airways (BA)-owner IAG laid out plans to pay a maiden dividend yesterday, coming of age three years after the merger between BA and Spains Iberia in 2011 that created the group. IAG said it was confident of growing earnings by more than 10 per cent a year between 2016 and 2020, on top of significant profit growth this year and next, and as such, it anticipated declaring next year it would start paying shareholders. The dividend would be based on a payout ratio of 25 per cent of the companys underlying profit after tax, IAG said. Reuters
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