Ryanair Holdings PLC (NASDAQ:RYAAY) Declares $0.44 Special Dividend

Ryanair Holdings PLC (NASDAQ:RYAAY) declared a special dividend on Friday, July 24th. Stockholders of record on Friday, August 7th will be paid a dividend of 0.4434 per share by the transportation company on Monday, September 28th. The ex-dividend date is Friday, August 7th.

Ryanair has a payout ratio of 21.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Ryanair to earn $4.71 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 21.7%.

Ryanair Price Performance

RYAAY opened at $60.19 on Wednesday. The stock’s 50 day moving average price is $61.30 and its 200 day moving average price is $61.99. The stock has a market cap of $31.27 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.89 and a beta of 1.16. Ryanair has a 12 month low of $53.14 and a 12 month high of $74.24.

Ryanair (NASDAQ:RYAAY) last issued its quarterly earnings results on Friday, July 17th. The transportation company reported $1.19 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.18). The business had revenue of $5 billion for the quarter, compared to analyst estimates of $5.06 billion. Ryanair had a net margin of 12.14% and a return on equity of 21.23%. Equities analysts anticipate that Ryanair will post 3.95 EPS for the current year.

Insider Activity

In other news, insider Juliusz Grzegorz Komorek sold 14,053 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $26.01, for a total transaction of $365,518.53. Following the completion of the transaction, the insider owned 46,264 shares in the company, valued at approximately $1,203,326.64. This trade represents a 23.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jason Paul Mcguinness sold 12,562 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total transaction of $326,737.62. Following the completion of the sale, the insider owned 24,304 shares in the company, valued at $632,147.04. The trade was a 34.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 126,607 shares of company stock valued at $3,386,997 over the last quarter.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Ryanair by 39.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 584 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 165 shares during the last quarter. Strategic Investment Advisors MI boosted its position in shares of Ryanair by 4.9% in the 1st quarter. Strategic Investment Advisors MI now owns 3,965 shares of the transportation company’s stock valued at $230,000 after purchasing an additional 184 shares during the period. One Wealth Advisors LLC increased its stake in Ryanair by 3.1% in the 4th quarter. One Wealth Advisors LLC now owns 6,225 shares of the transportation company’s stock worth $449,000 after purchasing an additional 185 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in Ryanair by 41.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 669 shares of the transportation company’s stock worth $48,000 after purchasing an additional 197 shares in the last quarter. Finally, AdvisorShares Investments LLC raised its holdings in Ryanair by 1.1% during the 4th quarter. AdvisorShares Investments LLC now owns 18,145 shares of the transportation company’s stock worth $1,310,000 after buying an additional 201 shares during the period. Institutional investors own 43.66% of the company’s stock.

Ryanair Company Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.